Facebook on Wednesday reported fourth-quarter earnings of $3.56 billion, up sharply from $1.56 billion in the same period a year earlier. Earnings, adjusted for one-time gains and costs, were $1.41 per share in the latest quarter. Also Read: Mark Zuckerberg challenges Trump as ban on Muslims goes live in USThe results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. The social media company posted revenue of $8.81 billion in the period, which also beat Street forecasts.

Source: India Today February 01, 2017 22:41 UTC