Investing.com - Facebook (NASDAQ:FB) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.38 on revenue of $16.91B. Analysts polled by Investing.com expected EPS of $2.18 on revenue of $16.4B. That compared to EPS of $2.21 on revenue of $12.97B in the same period a year earlier. The company had reported EPS of $1.76 on revenue of $13.73B in the previous quarter.
Facebook shares gained 7.23% to trade at $161.30 in after-hours trade following the report.
Facebook shares gained 7.23% to trade at $161.30 in after-hours trade following the report.
For the year, Facebook shares are up 14.75%, outperforming the S&P 500 which is up 8.65% year to date.
Facebook follows other major Technology sector earnings this month
On Wednesday, Microsoft reported second quarter EPS of $1.08 on revenue of $32.47B, compared to forecasts of EPS of $1.09 on revenue of $32.53B.
Apple earnings beat analyst's expectations on Tuesday, with first quarter EPS of $4.18 on revenue of $84.31B. Investing.com analysts expected EPS of $4.17 on revenue of $84.03B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar