Facebook has released its results for the fourth quarter of 2013 and the numbers are strong. It posted $2.59 billion in revenue and earnings of 31 cents a share. Analysts were looking for Facebook to pull in $2.33 billion in revenue with earnings of 27 cents a share. That compares to $1.59 billion and 17 cents a share for the same period last year. It's also a touch above the $2.02 billion and 25 cents a share Facebook notched last quarter. The stock is currently up slightly in after-hours trading.
Most notably, the company reported that 53 percent of its revenues now come from mobile advertising. That is a big milestone for Facebook, which stumbled badly during its IPO over concerns that it was struggling to migrate its ad business...
via The Verge - All Posts http://ift.tt/1e8oz7h
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