Wednesday, April 27, 2016

Facebook (FB) Reports 1Q'16 Results (And They Were Good)

Facebook (FB) reported 1Q'16 results today (02016.04.27) after the market closed. After hours trading is hinting that FB could hit a new all-time high tomorrow.

From Facebook's press release...

Capital expenditures for the first quarter of 2016 were $1.13 billion.

Cash and cash equivalents and marketable securities were $20.62 billion at the end of the first quarter of 2016.

Free cash flow for the first quarter of 2016 was $1.85 billion.

Effective tax rate was 27%.

CEO Mark Zuckerburg... "We had a great start to the year. "We're focused on our 10 year roadmap to give everyone in the world the power to share anything they want with anyone."

FB closed today (02016.04.27) at $108.76. 52-week range: $72.00 - $117.59.

No comments:

Post a Comment