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London Shares to Fall Despite Upbeat Asia Trading
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Provided by Dow Jones
Feb 10, 2021 5:16 PM UTC
Market News:
FTSE 100 6,524.36 -7.20 -0.11%
FTSE 250 20,996.44 -116.50 -0.55%
FTSE AIM 1,211.51 -0.31 -0.03% Shares in London closed moderately in red territory as the momentum that had driven gains in recent days has now ebbed. For much of the day, investor sentiment was higher as it appeared likely that the U.S. government was nearing approval of its $1.9 trillion spending plan. Roughly an hour ago, sentiment turned a little bearish as U.S. tech stocks rolled over and that impacted confidence on this side of the Atlantic, said David Madden, Market Analyst at CMC Markets UK.
Share:
Facebook, Inc. (NASDAQ: FB) shares ticked slightly higher Thursday after the company reported impressive fourth-quarter earnings numbers.
Facebook reported adjusted earnings per share of $3.88, beating consensus analyst estimates of $3.22. Revenue of $28 billion also topped analyst expectations of $26.44 billion and represented 31% year-over-year growth.
Facebook also reported average revenue per user of $10.14, beating analyst estimates of $9.49. Facebook’s daily active users climbed to 1.84 billion despite losing 1 million DAUs in the U.S. and Canada.
Unfortunately, Facebook also warned its investors that upcoming changes to the
Apple Inc. (NASDAQ: AAPL) iOS 14 and economic reopening trends could weigh on the company’s advertising growth in 2021.