Facebook (NASDAQ:FB) reported first quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.89 on revenue of $15.08B. Analysts polled by expected EPS of $1.61 on revenue of $14.97B. That compared to EPS of $1.69 on revenue of $11.97B in the same period a year earlier. The company had reported EPS of $2.38 on revenue of $16.91B in the previous quarter.
Facebook shares gained 3.26% to trade at $188.74 in after-hours trade following the report.
Facebook follows other major Technology sector earnings this month
On April 17, Taiwan Semiconductor reported first quarter EPS of $0.38 on revenue of $7.09B, compared to forecasts of EPS of $0.4 on revenue of $7.14B.
SAP ADR earnings Beat analysts' expectations on Wednesday, with first quarter EPS of $1.01 on revenue of $6.86B. analysts expected EPS of $0.95 on revenue of $6.74B
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