Facebook, Inc. (Nasdaq:FB) has reported their latest quarterly results later today, exceeding analysts ‘ expectations for revenue and profits is.
The company announced that it brought in an adjusted profit of $1.69 per share in fiscal 2018, topping the year ago total of $1.04 per share. Analysts are calling for the network to result in adjusted earnings of $1.35 per share, according to Thomson Reuters.
Facebook added that first quarter sales were also strong, coming by 11.97 billion, beating the $11.4 billion that the estimates wall Street consensus and fought a year ago with a total of 8.03 billion. On the website social media managed to recover from the scandal a Cambridge data Analytics as the site continues to have constant attention.
The company added that its daily active users during the period, an estimated 1.45 billion, in line with the 1.45 billion that analysts polled by StreetAccount forecast. Monthly active users of Facebook and in accordance with the recommendations of analysts at the level of 2.2 billion, according to data compiled by StreetAccount.
The site also works in the area of investment of their mobile initiatives, as its mobile advertising revenues amounted to about 91% of its total revenue. Plus, the company has been hiring more workers, as its total population increased by 48% compared to the same quarter last year, 27,742 coming to the end of the first quarter.
FB shares earned after the bell on Wednesday of about 5.5%.