Facebook (NASDAQ: FB) reported fourth-quarter 2020 financial results after the regular market hours on Wednesday. The social media giant reported fourth-quarter revenue of $28.07 billion, up 33% year-over-year and above the Wall Street projection. Net income of $3.88 per share was also higher than what analysts had anticipated.
FB shares fell 1.5% immediately following the announcement. The stock has gained 25% in the trailing twelve months.
In a statement, Facebook said it expects 2021 capital expenditures to be in the range of $21-23 billion, driven by data centers, servers, network infrastructure, and office facilities.
“We expect 2021 total expenses to be in the range of $68-73 billion, unchanged from our prior outlook. This is driven by investments in technical and product talent as well as continued growth in infrastructure costs,” CFO David Wehner added.
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth