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Facebook Company Earnings Surprise, Blowing Out Expectations
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Facebook Inc. (NASDAQ: FB) has released its second-quarter earnings report showing that sales rose by 53% year over year to $1.813 billion in the quarter. Earnings came in at $0.19 per share, versus $0.12 per share a year ago. Thomson Reuters was calling for the report to be $0.14 per share earnings and $1.62 billion in revenues.
Facebook investors are liking what they see here. We have broken out the main metrics that will derive most of the conversation on Thursday. The highlights are continued user growth, mobile ad growth, total revenue and income growth, solid cash balances, and more. Here are some highlights:
Facebook’s shares closed up 1.45% at $26.51, against a 52-week trading range of $17.55 to $32.51. The reaction in the after-hours has shares up about 14% at $30.20. If this gain to above $30 holds, this will mark the highest share price going back to the very start of February when shares were at $31.
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