Facebook 2Q Earnings Beat
Facebook $FB reported second-quarter earnings after the market close Wednesday that beat on the top and bottom line. Mobile advertising revenue represented approx. 87% of the advertising revenue during the quarter.
Earnings: Revenue of $9.32 billion, beating consensus estimate of $9.17 billion and up 45% from the year-ago quarter. Adjusted earnings of $1.32, beating the consensus estimate of $1.12 a share.
Reaction: Facebook Common Stock NASDAQ $FB After-hours: 168.81 +3.20 (+1.93%), Facebook stock is up 43% this year.
Mobile ad revenue: $8 billion vs. $7.68 billion expected
Monthly users (MAUs): 2.01 billion vs. 1.98 billion expected
Capital expenditures: $1.44 billion vs. $1.73 billion expected