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

Market news

28 January 2021

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

Facebook (FB) reported Q4 FY 2020 earnings of $3.88 per share (versus $2.56 per share in Q4 FY 2019), beating analysts’ consensus estimate of $3.24 per share.

The company’s quarterly revenues amounted to $28.100 bln (+33.2% y/y), beating analysts’ consensus estimate of $26.434 bln.

FB fell to $271.00 (-0.42%) in pre-market trading.

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