Facebook Inc. (FB) reported first quarter adjusted EPS of $0.12 after the bell Wednesday, which was flat with the prior year result. The consensus estimate was for EPS of $0.13. Revenue rose 38% to $1.46 billion from $1.06 billion last year. The consensus estimate was for revenue of $1.44 billion.
Facebook gapped up Thursday and advanced further during the early portion of the afternoon. The stock closed higher by 1.54 at $28.97 on above average volume. Facebook climbed to over a 2-month high.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.