Facebook tops first-quarter forecasts with £2.4bn profit

Facebook has reported a forecast-beating first-quarter profit of 3.06 billion dollars (£2.4bn).

Facebook has reported a forecast-beating first-quarter profit of US$3.06bn (£2.4bn).

On a per-share basis, the Menlo Park, California-based company said it had profit of $1.04, a above the 87 cents per share that analysts polled by FactSet had expected.