Wednesday, July 24, 2013

Facebook's Q2 2013 earnings beat expectations on revenue and profit

Mark-zuckerberg-instagram-facebook-1_2040_large

Facebook is up more than 15 percent in after-hours trading thanks to a solid earnings report. The company notched $1.81 billion in revenue and earnings per share of 19 cents. That bested Wall Street expectations of $1.62 billion and 14 cents per share.


It's daily active users, another important benchmark for the social networks health, was up 27 percent to 699 million. It had 1.15 billion monthly active users.


developing...


Continue reading…






via The Verge - All Posts http://www.theverge.com/2013/7/24/4553942/facebooks-q2-2013-earnings-beat-expectations-on-revenue-and-profit

No comments:

Post a Comment