Facebook reported earnings of 50 cents a share for the second quarter, above analysts' estimates of 47 cents a share. Revenue grew 38.8% year over year to $4.04 billion for the quarter, compared to analysts' estimates of $3.99 billion.
The company said daily active users grew 17% year over year to 968 million for June 2015. Mobile DAUs grew 29% from June 2014 to 844 million in June 2015.
Facebook said it had 1.49 billion monthly active users in June 2015, a 13% from the year-ago month. The company had 1.31 billion mobile MAUs in June 2015, up 23% from June 2014.
"This was another strong quarter for our community," Founder and CEO Mark Zuckerberg said in a statement. "Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services."
TheStreet Ratings team rates FACEBOOK INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FACEBOOK INC (FB) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: FB Ratings Report