Facebook is surging after crushing on earnings and adding more users than expected (FB)
|04/26/2018||Posted by BusinessMediaguide.Com under General World News||
- Facebook blew past Wall Street’s expectations on almost every key metric in the first quarter.
- Shares are spiking in pre-market trading.
- Watch Facebook trade in real time here.
Facebook shares are spiking in pre-market trading 8.06% Thursday, to $172.56 a share, after the company reported better-than-expected first-quarter earnings.
Facebook reported earnings-per-share of $1.69, up 63% year-over-year and above Wall Street’s expected $1.35. Revenue was $11.97 billion, up 49% year-over-year, and also beating estimates of $11.4 billion.
Daily active users came in at 1.45 billion, in line with analyst estimates of 1.45 billion. But monthly active users came in at read more >>>