Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019.
Facebook Chairman and CEO Mark Zuckerberg.
Erin Scott | Reuters
Facebook stock price was up more than 6% in after-hours trading on Wednesday after the company released it’s first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.
Here’s how the social media giant fared in the quarter, relative to estimates compiled by Refinitiv:
Earnings: $3.30 per share vs. $2.37 per share forecast
Revenue: $26.17 billion vs. $23.67 billion expected
Daily active users (DAUs): 1.88 billion vs. 1.89 billion forecast by FactSet
Monthly active users (MAUs): 2.85 billion vs. 2.86 billion forecast by FactSet
Average revenue per user (ARPU): $9.27 vs. $8.40 forecast by FactSet
The company reported revenue of $26.17 billion for the quarter, which was up 48% compared with a year prior. Facebook’s net income grew 94% to $9.5 billion, from $4.9 billion a year prior.
