Company News: Facebook (FB) Q1 results beat analysts’ forecasts

Market news

4 May 2017

Company News: Facebook (FB) Q1 results beat analysts’ forecasts

Facebook (FB) reported Q1 FY 2017 earnings of $1.04 per share (versus $0.77 in Q1 FY 2016), beating analysts' consensus estimate of $0.86.

The company's quarterly revenues amounted to $8.032 bln (+49.2% y/y), beating analysts' consensus estimate of $7.829 bln.

The company reiterated meaningful slowdown in advertisement growth revenue in 2017 and CapEx of $7.0-7.5 bln.

FB fell to $151.07 (-0.49%) in pre-market trading.

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