Facebook beats quarterly revenue estimates

Technology

FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic

(Reuters) – Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Wednesday, and said it will not provide a specific revenue forecast for the second quarter or full-year 2020.

Total revenue rose to $17.74 billion from $15.08 billion in the first quarter ended March 31, beating the average analyst estimate of $17.44 billion.

Reporting by Katie Paul in San Francisco and Munsif Vengattil in Bengaluru; Editing by Bernard Orr

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