Facebook quarterly profit, revenue beat estimates

Facebook quarterly profit, revenue beat estimates

Facebook reported better-than-expected profit on Wednesday. Total fourth-quarter revenue rose 30 per cent to $16.9 billion from $12.97 billion, its slowest quarterly revenue growth in more than six years. This was, however, above analysts’ estimates. Net income rose to $6.88 billion. Monthly and daily users of the main Facebook app compared to last quarter were up 2.2 percent.

Timothy
Timothy
Top in Business
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