Facebook rises after reporting 'stability' in ad revenue after fall in March [CNBC]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: CNBC
The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020.Christof Stache | AFP | Getty Imagesfirst-quarter results"After the initial steep decrease in advertising revenue in March, we have seen signs of stability reflected in the first three weeks of April," the company said in the earnings report.Analysts surveyed by Refinitiv expect $1.75 in earnings per share and $17.41 billion in revenue for the first quarter. However, comparing Facebook's results against analysts' estimates is not straightforward given the coronavirus pandemic's impact on economies around the world.This is a developing story.VIDEO0:5200:52Zoom falls after Facebook announces new group chat featurePower Lunch
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