Proactive Investors - Run By Investors For Investors

Facebook shares tank; Diageo soaks up strong gin sales

Markets.com chief market analyst Neil Wilson says Facebook Inc (NASDAQ:FB) shares took a hammering in after-hours trading following a revenue miss and an earnings call that left investors sweating.

Shares dipped by 24% at one point as the company advised that revenues would continue to slow down and costs rise.

On Diageo plc (LON:DGE) Wilson says the results were very positive but despite very strong free cash generation and a fresh £2bn buyback shares fell as investors decided to take profits.

He also takes a look at ITV plc (LON:ITV) as well as Sky PLC (LON:SKY) reporting a strong uplift in earnings and customer numbers.

 
Meet Carnarvon Petroleum Ltd, Bass Oil Ltd, High Peak Royalties Ltd, Global Energy Ventures Ltd and Po Valley Energy Ltd at our event, Melbourne , 12 March 2019. Register here »
View full PROAC profile View Profile

Proactiveinvestors Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use