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07-28-2016, 01:14 AM
Facebook schools everyone and wins social network earnings, again
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Is Facebook just too good?*
The social networking giant blew past Wall Street expectations of both revenue and earnings per share for its second-quarter of 2016 earnings released Wednesday. Facebook's stock was up by more than 6 percent in after-hours trading.*
Facebook reported $6.44 billion in revenue, up 63 percent year over year, compared to $6 billion as analysts expected. Earnings per share, excluding certain expenses, reached 71 cents compared to 57 cents expected.*
**t only did it crush revenues, Facebook pulled even more people into the world's largest social network. Facebook **w claims more than 1.71 billion monthly active users, up from 1.65 billion last quarter. On a daily basis, Facebook is visited by 1.13 billion users. Read more... (http://mashable.com/2016/07/27/facebook-e/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Is Facebook just too good?*
The social networking giant blew past Wall Street expectations of both revenue and earnings per share for its second-quarter of 2016 earnings released Wednesday. Facebook's stock was up by more than 6 percent in after-hours trading.*
Facebook reported $6.44 billion in revenue, up 63 percent year over year, compared to $6 billion as analysts expected. Earnings per share, excluding certain expenses, reached 71 cents compared to 57 cents expected.*
**t only did it crush revenues, Facebook pulled even more people into the world's largest social network. Facebook **w claims more than 1.71 billion monthly active users, up from 1.65 billion last quarter. On a daily basis, Facebook is visited by 1.13 billion users. Read more... (http://mashable.com/2016/07/27/facebook-e/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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