Facebook Beats on Q2 Revenues, EPS
Facebook is probably racking up a host of "likes" following the release of its Q2 results. For the quarter, revenue came in at $1.8 billion, up 53% from $1.2 billion in the same period the previous year. The bottom line saw a more pronounced improvement, rising to a profit of $333 million ($0.13 per diluted share) from a Q2 2012 loss of $157 million ($0.08). On an adjusted basis, those figures were $488 million ($0.19 per diluted share) and $295 million ($0.12) in the black, respectively.
Analysts had been expecting revenue of $1.6 billion and adjusted EPS of $0.14.
In terms of operations, the company's daily active users averaged 699 million last month. That was 27% higher than the June 2012 number. As of June 30, the figure for monthly active users was 21% higher at 1.15 billion, while mobile monthly active users saw a year-over-year boost of 51% to 819 million.
Following the earnings release, Facebook shares were up $4.49, or nearly 17%, in after-hours trading.
The article Facebook Beats on Q2 Revenues, EPS originally appeared on Fool.com.Fool contributor Eric Volkman owns shares of Facebook. The Motley Fool recommends and owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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