Facebook Inc. shares rose 2.7% in the extended session Wednesday after the company beat Wall Street earnings and revenue expectations. Facebook stock closed flat at $159 during regular trading. The company reported first-quarter net income of $4.99 billion, or $1.69 a share, compared with $3.06 billion, or $1.04 a share, in the year-ago period. Daily active users rose 13% to 1.45 billion, and monthly active users also rose 13% to 2.20 billion. Revenue rose to $11.97 billion from $8.03 billion in the year-ago period. The company increased its headcount by nearly 50% to 27,742. Analysts surveyed by FactSet had estimated $1.35 a share on revenue of $11.41 billion. For the second quarter, analysts model earnings of $1.63 a share on revenue of $12.91 billion. Facebook stock has lost 9.4% this year, with the S&P 500 index falling 1.5%.