Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Nigeria mosque blast: Scores die in attack during prayers in Kano

Read more

THE WORLD THIS WEEK

Sarko Bites Back: Ex-President Determined to Reclaim UMP Leadership

Read more

THE WORLD THIS WEEK

No Deal: Iran Nuclear Talks End Without Agreement

Read more

FASHION

"Cloakroom Vestiaire Obligatoire" a tender and hypnotic performance by Tilda Swinton and Olivier Saillard.

Read more

FRANCE IN FOCUS

Learning the language of love

Read more

AFRICA NEWS

Burkina Faso: Calls for probe into 1998 murder of journalist

Read more

FOCUS

Is this the end of Hong Kong's 'Umbrella Movement'?

Read more

#THE 51%

France marks 40th anniversary of abortion laws

Read more

#TECH 24

Virtual insanity? Artist to 'experience life' through Oculus Rift headset for 28 days

Read more

Business

Facebook revenue stronger than expected

Text by News Wires

Latest update : 2012-07-26

Facebook announced stronger than expected results on Friday after a tumultuous first two months as a public company, reassuring concerned investors over the future of the social media giant.

AFP - Facebook is reporting stronger-than-expected revenue in the company’s first earnings report since its rocky initial public offering two months ago, offering some reprieve to worried investors.

Facebook Inc. said Thursday that it booked a net loss of $157 million, or 8 cents per share in the April-June period, mainly due to stock compensation expenses following its IPO. That compares with earnings of $240 million, or 11 cents per share, in the second quarter a year ago.

Revenue grew 32 percent to $1.18 billion from $895 million a year ago.

Adjusted earnings of $295 million, or 12 cents per share, matched Wall Street’s expectations. Analysts, on average had expected slightly lower revenue of $1.16 billion, according to FactSet.

Facebook’s stock fell 5.5 percent to $25.37 in after-hours trading.

Date created : 2012-07-26

  • MARKETS

    Nasdaq sets aside $40 million for Facebook IPO losses

    Read more

  • BUSINESS

    Facebook IPO subject of mounting investigations, lawsuits

    Read more

  • USA

    Facebook shares drop below IPO rate in early trading

    Read more

COMMENT(S)