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