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By Jessica Guynn, Jan 27, 2016 USA Today
Facebook topped $5 billion in quarterly revenue for the first time, up 52% from a year ago. It was also the first quarter in which Facebook posted more than $1 billion in quarterly net income.
Facebook was expected to report earnings of 68 cents a share, excluding certain expenses, up from 54 cents a year ago, according to S&P Capital IQ. Analysts expected revenue of $5.37 billion. Facebook reported earnings after the close of the market.
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