Zuckerberg Joins Facebook Call: Live Blog Recap
MENLO PARK, Calif. (TheStreet) -- Facebook (FB) reported its first quarterly results as a public company after Thursday's closing bell, meeting Wall Street's profit expectations.
Excluding items, the social networker reported earnings of 12 cents a share, flat from the prior year's quarter, and in-line with the consensus view.
The Menlo Park, Calif.-based company also enjoyed a modest top line beat. Facebook's second-quarter revenue came in at $1.184 billion, up from $895 million in the prior year's quarter, just above the average analysts' view of $1.146 billion.
Facebook said it had 955 million monthly active users as of June 30, and that it averaged 552 million daily active users in the month of June. Despite rumors that he would be a no-show, Facebook CEO Mark Zuckerberg was present throughout the company's conference call. Facebook's top priority, he explained, is a sustained focus on mobile, platform and social ads. "We have a lot of interesting things going on here," he said. Facebook's Sponsored Stories feature in its News Feed was another key topic on the conference call. The company recently expanded the feature's rollout and enabled advertisers to buy Sponsored Stories in mobile News Feed. "We're carefully monitoring user engagement and sentiment," noted COO Sheryl Sandberg, on the Sponsored Stories rollout, adding that the company is pleased with the results so far. Read on for more details on Facebook's second-quarter results. --Written by James Rogers, Chris Ciaccia and Nathalie Pierrepont in New York. Follow @jamesjrogers Follow @Commodity_Bull Follow @nrpierrepont >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.Select the service that is right for you!
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