Social media giant Facebook (NASDAQ: FB) reported first-quarter 2020 financial results after the regular trading hours on Wednesday. In Q1, EPS missed street estimates my 3 cents even as revenues came in better-than-expected
DAU grew 11%, while MAU jumped 10% during the quarter.
The company said it expects user engagement to decline slightly once the shelter-in-place order is removed. The company added that Advertising revenues are stabilizing after steep declines in March.
Facebook shares gained over 9% immediately following the announcement. The stock is almost flat in the trailing 12-month period.
Peer Analysis
Most Popular
Infographic: Intuitive Surgical Q4 earnings results
Intuitive Surgical (NASDAQ: ISRG) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The robotic product's manufacturer reported fourth-quarter revenue of $1.33 billion, up 4% year-over-year. Meanwhile,
Infographic: Seagate Technology (STX) Q2 2021 earnings
Seagate Technology plc (NASDAQ: STX) reported second-quarter 2021 earnings results after the closing bell on Thursday. Revenue increased to $2.62 billion from $2.69 billion last year. Analysts had expected revenue
IBM (IBM) Q4 2020 Earnings: Key financials and quarterly highlights
IBM (NYSE: IBM) reported its fourth quarter 2020 earnings results today. Revenue fell 6% year-over-year to $20.4 billion. GAAP net income fell over 60% to $1.3 billion, or $1.51 per
Comments