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Facebook Misses Q1 EPS Estimates, Daily Active Users Up 18%

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Facebook Misses Q1 EPS Estimates, Daily Active Users Up 18%

Facebook Inc (NASDAQ: FB) reported first quarter earnings after the close on Wednesday.

The stock has been on an absolute roll in the past year, up nearly 30 percent.

  • Facebook reports Q1 EPS of $1.04, missing estimates by $0.08
  • Sales came in at $8.032 billion, beating estimates by $202 million
  • Daily Active Users were 1.28 billion, up 18% YoY
  • Q1 monthly active users 1.94 billion, up 17 percent YoY

“We had a good start to 2017,” CEO Mark Zuckerberg said. “We’re continuing to build tools to support a strong global community.”

Shares of Facebook were down about 1.3 percent at $149.85 in after-hours trading.

Posted-In: Facebook Mark ZuckerbergEarnings News After-Hours Center Movers Tech Best of Benzinga

 

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