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Fly News Breaks for July 28, 2016
FB
Jul 28, 2016 | 08:03 EDT
Bernstein analyst Carlos Kirjner says that Facebook reported "very strong" results, as its core business "is firing on all cylinders," according to the analyst. However, he believes that the company's decision to decrease ad load growth significantly after mid-2017 "increases uncertainty" about its revenue outlook. He keeps a Market Perform rating on the shares.
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