The Traderszone Network

Published in TZ Latest News 26 January, 2016 by The TZ Newswire Staff

Facebook’s price-earnings ratio near record low ahead of fourth-quarter report

A recent drop in Facebook Inc’s stock has left the online social network trading at earnings multiples near record lows as it prepares to hand investors its fourth-quarter report. Along with fellow technology leaders Netflix Inc, Apple Inc, Alphabet Inc and Amazon.com Inc, Facebook has been among Wall Street’s top stocks in recent years, but a market selloff sparked by plummeting oil prices has pulled it down 7 percent so far in 2016.

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