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

Market news

29 April 2021

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

Facebook (FB) reported Q1 FY 2021 earnings of $3.30 per share (versus $1.71 per share in Q1 FY 2020), beating analysts’ consensus estimate of $2.32 per share.

The company’s quarterly revenues amounted to $26.200 bln (+47.7% y/y), beating analysts’ consensus estimate of $23.608 bln.

FB rose to $329.50 (+7.29%) in pre-market trading.

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