Monday, January 21, 2019 7:36:02 PM- Nigerian Stock Exchange.

  FACEBOOK posts blow-out quarter

      hits all time high

Feb 1 (New York) - Facebook reported its fourth quarter earnings yesterday and showed 47% growth in revenue.

Facebook posted Q4 revenue of USD 12.97 billion with EPS of $2.21 adjusted GAAP. Let us take a moment to digest that. Their quarterly NET INCOME of USD 4.25 billion is more than 10% of Nigeria's foreign reserves. 

Their active daily users are now 1.4 billion and revenue per user is more than $ 6. 

No wonder the stock is blasting higher today by almost 5% in New York at the time of writing this article. 

Analysts in Nigeria have to find a way for Nigerian investors to be able to invest in such high growth Companies via ETF's in our opinion. 

reporting for on Thursday, Feb 1 2018 from Lagos, Nigeria

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