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Author: Alan LittleDate: 2021-05-03

Facebook (FB) +5%, McDonald’s (MCD) +0.81% after Q1 reports

Facebook (FB) was on track for gains on Friday after strong ad revenue in Q1 paved the way for comfortable earnings and revenue beats. 

 

In its latest report, the social media giant posted $3.30 earnings per share and $26.17bn revenue versus the $2.37 and $23.67bn consensus. 

 

Facebook’s quarterly average revenue per user was not quite as high as Q4, but the $9.27 figure was still easily above the $8.40 forecast as its daily active users (DAUs) also rose 8% to hit 1.88 billion. 

 

CEO Mark Zuckerberg said that Facebook had “helped people stay connected and businesses grow” during a “strong” quarter for the company. 

 

Advertising revenue was a bright spot for Facebook with the $25.44bn returns representing growth of 30% from Q1 2020 as 12% more ads were delivered to users across the platform. 

 

The report struck a chord with investors as FB shares, unlike Apple’s (AAPL), climbed steadily in trading to a $324.83 price. 

 

McDonald’s (MCD) also eased higher following its own top and bottom beats in Q1. 

 

The fast food restaurant chain benefited from a spike in US sales as its diluted earnings per share rose 30.6% year over year to $1.92, 11 cents ahead of the forecast. 

 

Group revenues also jumped 8.7% to $5.12bn, again ahead of expectations by $90m.  

 

CEO Chris Kempczinski said that global comparable sales were actually above the levels recorded in Q1 2019 before the COVID-19 pandemic.    

 

In a busy few days for earnings, eBay (EBAY) also slumped after it guided for $0.91-$0.96 per share in Q2, which was below the $1 expectations. 

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