Market Overview

Facebook Up After Hours On Q2 Earnings Beat

Related FB
Google Vs. Facebook: Will There Be An Online Advertising War In 2015?
SEC Charges Stock Promoter With Deceptive Ads Who Traded Facebook And Twitter IPOs
2015 Playbook: Small Caps Versus Large Caps (Fox Business)

Facebook (NASDAQ: FB) rose 4 percent in after hours action when its second-quarter results beat estimates by a wide margin on strong growth in daily users and advertising revenue.

Adjusted earnings rose 124 percent to $1.09 billion, or $0.42 cents a share, on revenue growth of 61 percent to $2.91 billion. Wall Street expected $0.32 cents a share in adjusted profits, on revenue of $2.81 billion.

Year-earlier adjusted earnings were $0.18 a share on revenue of $1.81 billion.

Including stock compensation and tax adjustments, net income for the recent period was $791 million, or 30 cents a share,

Advertising revenue jumped 67 percent to $2.68 billion from the same quarter last year. Excluding currency impacts, advertising would have increased by 65%.

Mobile advertising revenue equaled 62 of advertising revenue for the second quarter of 2014, up from 41 percent a year earlier.

Daily active users grew 19 percent to 829 million on average for June 2014, while in the mobile segment users increased 39 percent to 654 million year-over-year.

In after-hours trading, Facebook traded recently at $74.41, up 4.38 percent.

Posted-In: Earnings News After-Hours Center

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters