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Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs

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Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs

Shares of Facebook Inc (NASDAQ: FB) traded up more than 6 percent in Wednesday’s after-hours session, following the announcement of the company’s Q2 results. Earnings of $0.97 per share came in $0.15 above the Street’s consensus, while revenue of $6.44 billion beat estimates of $6.02 billion.

The social media giant’s earnings beat margin had been increasing since April last year. Below is a list of the margin by which EPS beat estimates since the first quarter of 2015.

  • +$0.15 4/27/16
  • +$0.11 1/27/16
  • +$0.05 11/4/15
  • +$0.03 7/29/15
  • +$0.02 4/22/15

However, the latest report brought a beat of the same dimension as the one witnessed in the previous quarter.

Related Link: Facebook Has Missed Earnings Estimates Just Once Since 2012 IPO

Another very important figure for Facebook is daily active users, or DAUs, which was up 17 percent year-over-year, to 1.13 billion. For their part, mobile DAUs rose 22 percent year-over-year to 1.03 billion.

Monthly active users (MAUs) surpassed 1.7 billion, up from 1.65 billion last quarter.

"We're particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services,” CEO Mark Zuckerberg said in a press release.

Shares traded recently at $131.30, up 6.4 percent.

Posted-In: Earnings News After-Hours Center Movers Tech Best of Benzinga

 

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