Facebook posted earnings of 31 cents per share on revenue of $2.59 billion in its fourth quarter, beating Wall Street’s consensus estimate of 27 cents on sales of $2.33 billion. As for details, monthly active users came in at 1.23 billion, up 16%. Mobile monthly active users came in at 945 million, up 39%, while all-important mobile ad revenue was 53% of total revenue. The company’s shares finished down 3% in the regular session but are surging in post-market trading.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
