January 30, 2019: Louis Woo, special assistant to Foxconn's CEO, sends a shockwave through Wisconsin when he tells Reuters that the company will scale back and possibly shelve plans to build display screens in the state, saying the company can't compete.
The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.20. Revenues topped analysts' forecasts at $16.9 billion and earnings per share came in at $2.38, well above Wall Street's expectations of $2.19.