Communication Services ETFs Disliked Facebook Earnings Report
Facebook (NasdaqGS: FB) parent Meta Platforms plunged on Thursday and was on pace for its biggest one-day decline on record.
Source: etftrends.com
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A Communication Services ETF Jumps on Big Facebook Earnings
A Communication Services ETF Jumps on Big Facebook Earnings April 29, 2021 Communication services exchange traded funds were among the standout performers on Thursday after Facebook (NasdaqGS: FB) crushed its quarterly earnings expectations. Among the best performing non-leveraged ETFs of Thursday, the Meanwhile, Facebook shares jumped 7.3% on Thursday. FB makes up 22.0% of XLC’s underlying portfolio. Facebook revealed revenue of $26.17 billion for the quarter, up 48% year-over-year, CNBC reports. Additionally, the social media giant’s net income grew 94% to $9.5 billion, from $4.9 bil...
Source: etftrends.com