By Alpha Strategist:
Facebook (FB) is going strong and beat analysts’ estimates in Q1 2014. Earnings were reported to be $642 million, $0.34 per share, beating analysts’ consensus estimates of $0.24 per share. Total revenues rose to $2.5 billion at an impressive rate of 72% compared to last year’s revenues and beat analysts’ consensus estimates of $2.36 billion.
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