Facebook Earnings Meet Estimates

But shares still took a beat after the bell on Thursday

   

After the bell on Thursday, Facebook (NASDAQ:FB) posted its first earnings report, meeting expectations with an EPS of 12 cents. It also beat Wall Street’s call for revenue by posting $1.18 billion — $3 billion more expected.

Unadjusted earnings came in at a loss of $157 million, or 8 cents a share. The site also reported 955 million monthly active users.

84% of its total revenue came from advertising — a total of $992 million.

The company did not provide any guidance for the rest of the year.

Shares of the company were off more than 10% in after-hours trading and are down nearly 30% since it went public in May.

-Alyssa Oursler, InvestorPlace Editorial Assistant


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/facebook-earnings-meet-estimates/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.