by InvestorPlace Staff | July 26, 2012 4:42 pm
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
Source URL: http://investorplace.com/2012/07/facebook-earnings-meet-estimates/
Short URL: http://invstplc.com/1nwCHd0
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.