Company News: Facebook (FB) quarterly results beat analysts’ expectations

Market news

25 July 2019

Company News: Facebook (FB) quarterly results beat analysts’ expectations

Facebook (FB) reported Q2 FY 2019 earnings of $1.99 per share (versus $1.74 in Q2 FY 2018), beating analysts’ consensus estimate of $1.87.

The company’s quarterly revenues amounted to $16.886 bln (+27.6% y/y), beating analysts’ consensus estimate of $16.493 bln.

FB rose to $207.70 (+1.49%) in pre-market trading.

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