Facebook stock climbs after social media giant beats Street revenue, earnings expectations
by Wire, staff reports — April 28, 2021 . Facebook’s stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. The company said Wednesday it earned $9.5 billion, or $3.30 per share, in the January-March period. That’s up 94% from $4.9 billion, or $1.71 per share, a year earlier. Revenue grew 48% to $26.17 billion from $17.44 billion. Analysts, on average, were expecting earnings of $2.35 per share and revenue of $23.73 billion, according to a poll by FactSet. “We had a strong quarter as we helped pe...
Source: wraltechwire.com