Fast money starts right now with an earnings extra

again more than two trillion dollars at stake of some of the largest

companies in the market just reported earnings moments ago.

Facebook, Microsoft, PayPal, getting ready to

kick off their earnings conference calls and we are still awaiting earnings from Tesla.

They typically reported 4.15. It's 5 o'clock. Nothing yet. We've got full team coverage on all of these names including

Facebook which Julie Vorsen is monitoring on Los Angeles. Gene Munster is on set with us keeping tabs.

We'll hear from them in just a few minutes and we start off

with Facebook that stock is soaring after the social media giant announcing daily

and monthly users in line with estimates it also said it has set aside three

billion dollars to cover an unexpected fine from the Federal Trade Commission,

one of the largest in history. So it looks like all the privacy concerns over its platform isn't

impacting the bottom line. Safe to buy Facebook Guy. I'm surprised it's up as much as it listen a quarter was fine

EPS beat revenue beat I get it but you talk about daily active users pretty much in line

you're not seeing a lot of growth there you're not seeing a lot of growth in monthly

average users maybe that's okay in terms of

this number stuck out to me head count up 36% year over year that's a pretty

significant number I think the market's looking past that. The $3 billion, I mean maybe that's a one-off,

Tim can speak to that, but given this, I thought the last quarter was much better than this quarter.

I thought the price action was justified last quarter.

I'm not certain it's justified necessarily this quarter, although it was, I think, better

than most people thought it was going to be.

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