Facebook jumps after reporting first-quarter earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Facebook jumps after reporting first-quarter earnings.

Facebook stock rose nearly 5% in after hours trading despite the company announcing that it could take a one-time charge of as much $5 billion due to an ongoing Federal Trade Commission inquiry.

The company's earnings per share analyst expectations are not comparable due to the anticipated FTC charge. "We had a good quarter and our business and community continue to grow," said CEO Mark Zuckerberg in a statement."We are focused on building out our privacy-focused vision for the future of social networking, and working collaboratively to address important issues around the internet."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SPONGEBOB FACT: SpongeBob is very happy right now!! He owns a good amount of Facebook shares

YOU are the product

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines