3 Key Takeaways From Facebook's Earnings Report

Facebook (NASDAQ: FB) blew away estimates in its second-quarter earnings report. Revenue jumped 56% year over year to $29.1 billion, beating expectations, while earnings per share doubled from the lockdown-afflicted quarter a year ago to $3.61, ahead of the consensus at $3.02. In spite of that strong performance, Facebook share prices fell 4% on the results as its growth lagged that of Google-parent Alphabet and as it said it expected revenue growth to decelerate significantly in the second half of the year.