Facebook rose nearly 7% in premarket trading

Tiger Newspress2021-04-29

Facebook rose nearly 7% in premarket trading, and its first-quarter performance exceeded expectations, with net profit up 94% year-on-year.

Facebook Earnings, Revenue Beat in Q1

Facebook (NASDAQ:FB) reported on Wednesday first quarterearningsthat 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, still down 2.89% from its 52 week high of $315.88 set on April 8. They are outperforming the S&P 500 which is up 11.41% from the start of the year.

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Comments

Sysy
2021-05-02
Sysy
Don't think can last long
whoartthou
2021-05-02
whoartthou
Pls like n comment!
- bhahab:
  ok commented
stocksown
2021-04-30
stocksown
nice!
Hminnnn
2021-04-30
Hminnnn
Oooooo faceboooooooo [Happy] [Happy]
ChallengerDT
2021-04-29
ChallengerDT
Buy more!!
darrentanjm
2021-04-29
darrentanjm
Big tech leaders will always win. Facebook is a must have

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