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Fly News Breaks for July 27, 2015
FB
Jul 27, 2015 | 09:11 EDT
SunTrust says its checks indicate that Facebook's ad revenue growth may have increased 20% last quarter versus the previous quarter. According to the firm, the consensus estimate calls for about 13% growth. As a result, the firm thinks the stock could rise following the results. It expects the company to report slightly higher than expected Q2 revenue and in-line EPS. SunTrust keeps a Buy rating on the shares.
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