Wednesday, April 27, 2016

Facebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue

Screen Shot 2016-04-27 at 1.13.46 PM Facebook continued its winning streak as other tech companies floundered, reaching 1.65 billion monthly users and surpassing estimates in its Q1 2016 earnings report with $5.38 billion in revenue and $0.77 earnings per share. Facebook’s share price climbed over 8% in the moments after earnings were announced, reaching over $117 in after-hours trading. Revenue was up 52% year over year,… Read More

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