Company News: Facebook (FB) posts stronger-than-expected Q4 results

Market news

2 February 2017

Company News: Facebook (FB) posts stronger-than-expected Q4 results

Facebook reported Q4 FY 2016 earnings of $1.41 per share (versus $0.79 in Q4 FY 2015), beating analysts' consensus estimate of $1.31.

The company's quarterly revenues amounted to $8.809 bln (+50.8% y/y), beating analysts' consensus estimate of $8.495 bln.

FB rose to $134.40 (+0.88%) in pre-market trading.

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US nonfarm business sector labor productivity increased at a 1.3-percent annual rate

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