Fb Earnings, Income Beat in Q1 By Investing.com


© Reuters. Fb Earnings, Income Beat in Q1

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

Fb introduced earnings per share of $3.3 on income of $26.17B. Analysts polled by Investing.com anticipated EPS of $2.33 on income of $23.63B.

Fb shares are up 41% from the start of the yr, nonetheless down 2.89% from its 52 week excessive of $315.88 set on April 8. They’re outperforming the S&P 500 which is up 11.41% from the beginning of the yr.

Fb shares gained 5.02% in after-hours commerce following the report.

Fb follows different main Know-how sector earnings this month

Fb’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.95 on income of $41.71B, in comparison with forecasts EPS of $1.78 on income of $41.04B.

Alphabet C had beat expectations on Tuesday with first quarter EPS of $26.29 on income of $55.31B, in comparison with forecast for EPS of $15.71 on income of $51.36B.

Keep up-to-date on the entire upcoming earnings studies by visiting Investing.com’s earnings calendar

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