Facebook Stock Up 15% On Strong Earnings News


By Jim Edwards

Facebook has blown away expectations on both topline revenues and bottom line earnings per share.

See the full numbers here.

EPS: 19 cents (expectation was 14 cents).

Revenue: $1.81 billion (expectations were $1.62 billion.).

That's a big, big beat.

The stock took a big leap after the numbers came out, up 15% in seconds. FB has been trading around $26.30 all day.

User numbers:

Daily Active Users: 699 million, up 27%.
Monthly Active Users: 1.15 billion, up 21%.
Mobile MAUs: 819 million, up 51%.
FB pops up 12% in after market.

Here's a snapshot of the top and bottom lines:

For live coverage of the earnings call, head over to Business Insider.

More From Business Insider:
Facebook Q2: Zuckerberg Delays $1M Video Ads That Will Kill TV
The Twitter Advertising Ecosystem Explained

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IF you have ANY SENSE-

this message remains UNAPPROVED by your friends in the NSA

July 24 2013 at 11:50 PM Report abuse +1 rate up rate down Reply

So what product does Facebook manufacture?

July 24 2013 at 11:30 PM Report abuse +1 rate up rate down Reply

Pay no attention to that man behind the curtains...

July 24 2013 at 11:07 PM Report abuse +1 rate up rate down Reply

At this rate it will be up to the Initial price in a year or two.

July 24 2013 at 10:06 PM Report abuse +1 rate up rate down Reply