Markets Insider
- Facebook blew past Wall Street's expectations on almost every key metric in the first quarter.
- Shares spiked in after-market trading.
- Watch Facebook trade in real time here.
Facebook shares are up 5% in after-market trading Wednesday, to above $167 a share, after the company reported better-than-expected first-quarter earnings.
Facebook reported earnings-per-share of $1.69, up 63% year-over-year and above Wall Street's expected $1.35. Revenue was $11.97 billion, up 49% year-over-year, and also beating estimates of $11.4 billion.
Daily active users came in at 1.45 billion, in line with analyst estimates of 1.45 billion. But monthly active users came in at 2.2 billion, beating estimates of 2.19 billion.
Facebook is now down about 8% so far this year.
NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown
See Also:
- The hourly wage needed to rent a two-bedroom home in every state
- A single high school in India has produced the CEOs of Microsoft, Adobe, and Mastercard
- 25 of the most dangerous things science has strongly linked to cancer
SEE ALSO: Snap is sinking after saying its looking into rolling back part of its redesign (SNAP)