Finance

Facebook, Comcast, Generac, eBay & more

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Take a look at some of the biggest movers in the premarket:

Facebook (FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad revenue could take a hit later this year, however, due to Apple’s new privacy policies that make ad targeting more difficult. Facebook’s stock surged 7.6% in premarket trading.

Comcast (CMCSA) – The NBCUniversal and CNBC parent beat estimates by 17 cents a share, with quarterly earnings of 76 cents per share. Revenue also topped estimates, driven in part by strong…



Source cnbc.com

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