Facebook Earnings, Revenue beat in Q1



© Reuters. Facebook Earnings, Revenue beat in Q1

Investing.com – Facebook (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Facebook announced earnings per share of $3.3 on revenue of $26.17B. Analysts polled by Investing.com anticipated EPS of $2.33 on revenue of $23.63B.

Facebook shares are up 41% from the beginning of the year and are trading at $322.15 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.41% from the start of the year.

Facebook shares gained 5.02% in after-hours trade the report.

Facebook follows other major Technology sector earnings this month

Facebook’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.95 on revenue of $41.71B, compared to forecasts EPS of $1.78 on revenue of $41.04B.

Alphabet C had beat expectations on Tuesday with first quarter EPS of $26.29 on revenue of $55.31B, compared to forecast for EPS of $15.71 on revenue of $51.36B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  4 of my top investment themes for the next decade

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here