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. The stock is now up 0.06 on 12.5 million shares.
Facebook declined during the first hour of trade Wednesday, before settling into a range. The stock finished down by 0.34 at $27.43. Facebook pulled back from the upper end of a month and a half long range.
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