Ever thought of how much Facebook earns on regular basis? Well, the latest reports show the highest ever share prices for Facebook. As reported on the past Monday, shares of Facebook are at their highest levels up to 1.05% at $151.83 as of 10 a.m. ET.
Facebook’s Q1 Earnings
As Q1 for the year 2017 has come to an end and most of the companies are releasing their earning reports for the first quarter, Facebook has come up with its best ever figures. Released on May 3, reports show a handsome increase in the earnings. The famous forum, Bloomberg reported in this regard prior to the report release that Facebook is going to earn an adjusted $1.12 per share on revenue of $7.83 billion.
This Year’s Progress
Facebook’s earnings graphs are going higher and higher every passing year. So far, Facebook has seen a lift of almost 32% which is very impressing for any company.
Out of 48 analysts covering the stock, 43 have a “Buy” rating, four have a “Hold” rating, and one has a “Sell” rating.