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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.

 
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