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Facebook revenue rises 48%, users slightly below expectations

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Facebook revenue rises 48%, users slightly below expectations

Facebook Chairman and CEO Mark Zuckerberg.Erin Scott | ReutersFacebook stock price was up more than 6% in after-hours trading on Wednesday after the company released it’s first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.Here’s how the social media giant fared in the quarter, relative to estimates compiled by Refinitiv:Earnings: $3.30 per share vs. $2.37 per share forecastRevenue: $26.17 billion vs. $23.67 billion expectedDaily active users (DAUs): 1.88 billion vs. 1.89 billion forecast by FactSetMonthly active users (MAUs): 2.85 billion vs. 2.86 billion forecast by FactSetThis is breaking news. Please check back for updates.


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