Facebook beats in Q1 with $8.03B revenue, faster growth to 1.94B users

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Wednesday, 3 May 2017

Facebook beats in Q1 with $8.03B revenue, faster growth to 1.94B users

Wednesday, 3 May 2017 by Muhammad Ifzal

Facebook had another strong quarter, beating estimates to start 2017. Scored $8.03 billion in revenue and $1.04 GAAP actual EPS in Q1 compared to $0.87 EPS estimate. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3 percent compared to 3.91 perecent last quarter. Steady Growth, Strong Profits At this rate Facebook should hit 2 billion total… Read More