For Immediate Release
Chicago, IL-January 27, 2017-Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week's biggest news from the financial and investment world.
Q4 Earnings Results Pouring In: Can Facebook Continue Its Insane Growth?
On today's episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest story: the wave of fourth-quarter earnings results and the upcoming earnings announcement from Facebook.
The first earnings report that the hosts highlighted this week came from Starbucks SBUX . The coffee giant's stock slumped after the company reported worse-than-expected revenues. While Starbucks was still able to post solid growth metrics in the quarter, its results fell short of analyst expectations and investors reacted accordingly.
Next up on the docket was Intel Corporation's INTC fourth-quarter earnings report. The chip maker was able to post an impressive double beat on the back of soaring revenues in its Data Centers division, underscoring the success of its adaption to changing industry trends.
The hosts then moved on to recap some of the week's big tech reports. Microsoft MSFT reported second-quarter fiscal 2017 earnings on Thursday, and the company was able to surpass our earnings and revenue estimates thanks to more impressive growth in its Intelligent Cloud business.
On the other hand, Alphabet Inc.'s GOOGL report was mixed. The company missed earnings estimates but was able to surpass our consensus revenue estimate. While there were no specific details about Google's new hardware, the "other" category that would include things like the Pixel phone soared more than 60%, so there were some encouraging signs.
Finally, Maddy and Ryan spent some time previewing Facebook's FB upcoming earnings announcement. Investors are cautious about Facebook's revenue growth rates slowing down a bit, but the company is still poised to report another great quarter. The hosts also chatted about some of Facebook's new features, including Facebook Live.
As always, thanks for checking out this week's episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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