Investing.com - Facebook (NASDAQ:FB) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Facebook announced earnings per share of $1.8 on revenue of $18.69B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $17.33B.
Facebook shares are up 14% from the beginning of the year and are trading at $241.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 22.7% from the start of the year.
Facebook shares gained 2.71% in after-hours trade the report.
Facebook follows other major Technology sector earnings this month
Facebook's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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