Elaine Low Senior TV WriterShares of Facebook surged in after-market trading Wednesday, spiking more than 5% after the social networking giant recorded a major earnings and revenue beat for the first quarter of fiscal 2021, a period marked by strong advertising revenue growth and a 10% rise in monthly active users.Facebook logged diluted per-share earnings of $3.30 on total revenue of $26.17 billion, well ahead of Wall Street’s expected earnings of $2.37 per share on revenue of $23.67 billion for the March-ended quarter.“We had a strong quarter as we helped people stay connected and businesses grow,” said Facebook founder and CEO Mark Zuckerberg. “We will continue to invest aggressively to deliver new and meaningful experiences for years.
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