Facebook Reports First Quarter 2020 Results
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April 30, 2020 7:07 AM EDT
Mizuho Securities analyst James Lee raised the price target on Facebook (NASDAQ: FB) to $245.00 (from $220.00) while maintaining a Buy rating. The COVID-19 impact was clearly negative for advertising, but trends in April are much better, at flat YoY, than agency checks at mid-teens... More
April 29, 2020 4:07 PM EDT
Facebook (NASDAQ: FB) reported Q1 EPS of $1.71, $0.03 worse than the analyst estimate of $1.74. Revenue for the quarter came in at $17.74 billion versus the consensus estimate of $17.48 billion.
Facebook daily active users (DAUs) DAUs were 1.73 billion on average for March 2020, an increase of 11% year-over-year.Facebook monthly active users (MAUs) MAUs were 2.60 billion as of March 31, 2020, an increase of 10% year-over-year.Family daily active people (DAP) DAP was 2.36 billion on average for March 2020, an increase of 12% year-over-year.Family monthly active people (MAP) MAP was 2.99 billion as of March 31, 2020, an increase of 11% year-over-year.Capital expenditures Capital...
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