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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