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.
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a