This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Facebook Shares Are Surging

NEW YORK (TheStreet) –– Facebook  (FB - Get Report) shares were surging 4.2% to $74.29 in after-hours trading following better-than-expected quarterly results led by strong mobile advertising revenue growth.

Facebook reported fiscal second-quarter adjusted earnings of 42 cents a share compared to 19 cents a share in the year earlier period and exceeding analysts' estimates by 10 cents. Revenue rose 61% from last year to $2.91 billion, surpassing estimates of $2.81 billion, according to Thomson Reuters.

The social network averaged 829 million daily active users (DAUs) in June 2014, a 19% increase year-over-year. Mobile DAUs during the same period increased 39% year-over-year to 654 million. Monthly active users (MAUs) and mobile MAUs both exceeded 1 billion, increasing 14% and 31% year-over-year, respectively.

Facebook's revenue from advertising increased 67% year-over-year to $2.68 billion, or 65% excluding changes in foreign exchange rates. Approximately 62% of advertising revenue was from mobile, up 41% to $1.66 billion from the second quarter of 2013, the Menlo Park, Calif.-based company said.



Facebook Q2 Live Earnings Blog

Facebook's Hidden Jewel Proving to Be Boon for Shareholders

Facebook, Twitter, Google Taking Even Larger Bites of Social-Media Ad Buying

"We had a good second quarter," said Facebook founder and CEO Mark Zuckerberg in the press release. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world."

Facebook ended the quarter with $13.96 billion in cash and marketable securities.

--Written by Laura Berman in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $81.91 0.47%
AAPL $132.65 1.82%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%
YHOO $44.36 -0.36%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs