Wednesday, April 27, 2016

Facebook’s Profit Triples, Outpacing Forecasts and Its Peers - The New York Times

Check Facebook Reports First Quarter 2016 Results and Announces Proposal for New Class of Stock for full details

"For most tech companies this financial earnings season, it has become a game of survival of the fittest. By that score, Facebook may outlast the others.

On Wednesday, the social network said sales in the first quarter rose 52 percent from a year ago to $5.3 billion, while profit increased to $1.5 billion, tripling from $512 million a year ago. Excluding certain items, Facebook’s profit was 77 cents a share, far surpassing Wall Street expectations of 62 cents a share."
Facebook’s Profit Triples, Outpacing Forecasts and Its Peers - The New York Times
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