Remember when investors were worried about Facebook’s transition to mobile? Well, they aren’t anymore, as the social networking company reported a blowout fourth quarter, bringing in $2.6 billion in total revenue. More importantly, about 53% of Facebook’s advertising revenue now comes from mobile.
Vera Bradley, TJX, and American Eagle will be impacted the most based on their store count in the Northeast and Midwest, Citigroup analysts say.
Promotions appear to be deeper than during the recession in 2008, a Nomura analyst writes.
Its fourth quarter was impacted by the decline in the PC industry.