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