Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday January 27, 2016

Facebook Smashes Street's Highest Estimates

Facebook just reported $5.84 billion in revenue in the quarter ending in December, 2015. According to the report, mobile advertising made up about 80 percent of revenue.

The company reported that it earned 79 cents per share on $5.84 billion in revenue in the quarter ending in December, 2015. The highest estimates on the Street had called for earnings of 75 cents and revenue of $5.67 billion, according to data from Thomson Reuters. On average, analysts had expected Facebook to report earnings of about 68 cents a share on $5.37 billion in revenue, according to Thomson Reuters.

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