- Facebook (NASDAQ:FB) blew past Wall Street's expectations on almost every key metric in the first quarter.
- Shares are spiking in pre-market trading.
- Watch Facebook trade in real time here.
Facebook shares are spiking in Thursday, up 8.43% to $173.15 a share, after the company reported better-than-expected first-quarter earnings.
Facebook said it earned a $1.69 a share on revenue of $11.97 billion, topping Wall Street's expectations of $1.35 and $11.4 billion.
Daily active users came in at 1.45 billion, in line with analyst estimates of 1.45 billion. But monthly active users came in at 2.2 billion, beating estimates of 2.19 billion.
Facebook is down about 8% so far this year.