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Earnings

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Updated : April 25, 2019 06:33 AM IST

Facebook's net income in the first quarter stood at $2.43 billion, or 85 cents per share.
Total Q1 revenue rose 26 percent to $15.1 billion from $12.0 billion last year, beating analysts' estimate of $15.0 billion
Facebook beats profit estimates, sets aside $3 billion for privacy penalty

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