Big Tech Continues to Beat Wall Street’s Expectations

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Facebook reported its Q2 2020 earnings after the closing bell yesterday and delivered more than investors expected. The tech giant beat expectations on all lines: 

EPS $1.80 on expectations of $1.39
Ad revenue $18.32 billion on expectations of $16.92 billion
1.79 billion daily active users vs. 1.74 billion expected

Facebook’s share price initially surged on the news, jumping over 4% in after-hours trading. However, the enthusiasm faded away as the hours passed, trading ahead of…

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