Jan 30 (Lagos) - Facebook Inc reported 60% increase in yearly profit after tax. Fourth quarter ad revenue rose to USD 16.64 billion.
Fourth quarter EPS rose to US 2.38 per share beating all analyst expectations.
Shares of Facebook are up sharply after hours. All the negative news has not stopped the growth of the Company. We can expect upgrades from analysts in coming days and this stock is likely to soar higher. However more bad news could act as a headwind but as far as Company operations are concerned, they are beating all expectations.
reporting for easykobo.com on Wednesday, Jan 30 2019 from Lagos, Nigeria