2 Must-See Takeaways From Facebook's Earnings Call
Facebook (NASDAQ: FB) absolutely obliterated analyst estimates when it reported its first-quarter results last week. The social network reported first-quarter revenue of $26.1 billion, up 48% year over year. Net income nearly doubled, hitting $9.5 billion, translating to earnings per share of $3.30. Analysts, on average, were expecting revenue and earnings per share of $23.7 billion and $2.37, respectively.
Though the headline numbers from the earnings release certainly tell quite a story, there was a lot more for investors to digest about the tech company in Facebook's first-quarter earnings call. Two particular topics that surfaced during the call, for instance, were the company's growing ambitions in e-commerce and the key drivers for its huge advertising revenue growth.
Here's what management said about these topics during the call.
Source Fool.com
