Facebook (NASDAQ: FB) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The social media firm reported Q1 revenue of $26.17 billion, up 48% year-over-year and above the Wall Street projection. Net income of $3.30 per share was also above the target that analysts had anticipated.
FB shares jumped 5% immediately following the announcement. The stock has rallied 69% in the trailing 12 months.
