Company News: Facebook (FB) reported better than expected fourth quarter profits

Market news

29 January 2015

Company News: Facebook (FB) reported better than expected fourth quarter profits

Facebook (FB) earned $0.54 per share in the fourth quarter, beating analysts' estimate of $0.48. Revenue in the fourth quarter increased 49.0% year-over-year to $3.85 billion, exceeding analysts' estimate of $3.78 billion.

Facebook (FB) shares decreased to $75.64 (-0.79%) prior to the opening bell.

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