Facebook, the World's Largest Social Network, Reported a Mixed Bag of Earnings after Market Close on Wednesday.
The Menlo Park, Calif.-Headquartered Company, Reported 1st Quarter Income of $512 Million, Down by 20% Year-over-Year, or 18 Cents per Share (Statement). Non-GAAP Earnings were 42 Cents per Share. Revenue Landed in at of $3.54 Billion, Up More than 40% on the Year-Ago Quarter.
Wall Street was Looking for Earnings of 40 Cents per Share on Revenue of $3.56 Billion.
Overall, it's a Slight Miss on Revenue (which Would've been the Twelfth in a Row) but, a Hit on Earnings per Share.
Facebook Founder and Chief Executive, Mark Zuckerberg Said, in Prepared Remarks that, the Results were a "strong start to the year". Keeping it Short and Sweet, he Added: "We continue to focus on serving our community and connecting the world".
Facebook Ended the Quarter with 1.44 Billion Monthly Active Users Worldwide, Up from 1.39 Billion in the 4th Quarter -- a 13% Increase Year-over-Year.
As the Company Ticks Off the Quarter, Mobile Remains in Prime Focus -- Particularly Making Money Off a Notoriously Tricky Platform, which Most Other Advertisers are Struggling with.
Mobile Monthly Active Users Grew by 24% Year-over-Year to 1.25 Billion Users Worldwide. As for its Mobile Advertising Arm, that Account for about 73% of its Overall Advertising Revenue -- which Came in at a Total of $3.32 Billion.
Its Cash Position Remains Strong. At the End of the Quarter, Facebook had $12.41 Billion in Cash and Equivalents, Up from $11.2 Billion at the End of the Last Quarter.
Wall Street is Looking for Facebook to Report 2nd Quarter Earnings of 47 Cents per Share on Revenue of $4.02 Billion.
Facebook Ended the Day Up on the Nasdaq at $84.63 per Share. In After-Hours Trading, the Company was Down by about 1%.
Info Source:
http://www.prnewswire.com/news-releases/300969011.html
domingo, 26 de abril de 2015
Facebook Q1: Mixed Earnings; 1.44 Billion Monthly Active Users
09:39
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