Facebook released earnings after the bell Wednesday.
The tech giant topped revenue and bottom-line forecasts, posting earnings of $2.56 per share on $21.08 billion in revenue, compared to consensus estimates of $2.52 EPS and $20.88 in revenue for the December quarter.
"We had a good quarter and a strong end to the year as our community and business continue to grow," said Facebook CEO Mark Zuckerberg in a statement. "We remain focused on building services that help people stay connected to those they care about."
Facebook disclosed an increase in expenses last quarter, reporting $12.22 billion in total quarterly costs and expenses compared to $9.1 billion at the same time last year. Its operating margin also contracted, at 42% versus 46% in the year-ago quarter. For the full year 2019, expenses were $46.71 billion, up 51% compared to its total of $30.92 billion in 2018. Its operating margin for full-year 2019 was 34% compared to 45% in 2018, reported TheStreet's Annie Gaus.
Jim Cramer lays out his plan to help Zuckerberg on Facebook's calls.
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