Facebook results surpass expectations

Comment on this story
IOL pic jan15 facebook media screens Reuters .

New York - Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but the company's stock is dipping lower in extended trading.

Facebook earned $64-million, or three cents per share, in the October-December period. That's down from $360-million, or 14 cents per share, a year earlier when it was still a privately held company.

Revenue rose 40 percent to $1.59-billion from $1.13-billion.

Excluding special items, mainly related to stock compensation expenses, Menlo Park-based Facebook earned 17 cents per share in the latest quarter.

Analysts polled by FactSet expected lower adjusted earnings of 15 cents per share on revenue of $1.51-billion.

Facebook says it generated 23 percent of advertising revenue from mobile, up from 14 percent in the third quarter.

Facebook's stock is down 4.3 percent to $29.91 after-hours. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.