Facebook shares fall sharply after slower growth in Q2, weak outlook

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(Telecompaper) Facebook reported a slowdown in growth in the second quarter and said it expects the trend to continue in the rest of 2018. Revenues rose 42 percent year-on-year to USD 13.23 billion, compared to annual growth of 49 and 47 percent in the previous two quarters. The operating margin fell to 44 percent from 47 percent a year ago, while net profit was still up 31 percent to USD 5.11 billion or USD 1.07 per share. 
Source: Industry News (syndicated from Telecompaper.com)

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