Has Facebook Won With The Latest Report?
by Adetokunbo Abiola
Facebook (FB) has been doing well in this fiscal year. In its latest report, it announced that its revenues had risen 53% to $1.8 billion for the second quarter, well ahead of Wall Street's estimates of $1.62 billion. Much of the gain came from the mobile sector, which now accounts for 41% of Facebook's revenues. The company's net income was $0.19 a share, compared to analyst estimates of $0.14 a share. Facebook's operating margin increased to 31% from 26% the previous quarter. Consequently, Facebook's shares rose 26.81% on the earnings news. read more »
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