Facebook shares drop despite reporting outstanding quarterly results


Facebook (NASDAQ: FB) reported outstanding first quarter financial results, but its shares fell instead of going up during the extended trading hours on Wednesday. The social network giant’s stock declined 2.5% to $148.01 per share—a sign that investors are concerned about the company’s financial performance in the future. During the first three months of the year, Facebook generated earnings of $1.04 per share, up 7% from $0.60 per share in the year-ago quarter. Its revenue rose 49% from $5.38 billion to $8.03 billion. The social network giant exceeded the $0.87…

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Twitter Shares Dive After-Hours as User Growth Freezes


The shares of Twitter (NYSE:TWTR) closed $14.98 per share, up 4% driven by its improved timeline announced early today. However, the company wiped out some of the gains after releasing its quarterly financial results after-hours. Twitter shares declined more than 3%% to $14.50 per share during the extended trading around 4:51 in the afternoon in New York. The company appeared to be negatively impacted by failure to boost its user growth. Twitter average MAUs remained at 320 million According to the company its total average monthly active users (MAUs) were…

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