Boston, MA 01/30/2014 (wallstreetpr) – Facebook Inc (NASDAQ:FB), the social network giant, bolstered the confidence of its investors as it presented its extraordinary results,driven by the mobile ad revenues. The company, co-founded by Mark Zuckerberg, reported an eightfold jump in its net earnings than the previous year. The revenues were recorded at $2.59 billion, for the quarter ended, which is 63% higher than the year’s ago quarter revenues. The company also surpassed the street expectations as it reported earnings per share of 31 cents. For the full year 2013, Facebook Inc (NASDAQ:FB) revenues are at $7.87 billion, a 55% increase year-over-year and the profits of the year totals $1.5 billion.
Yahoo! Inc. (NASDAQ:YHOO) continues to suffer from declining revenues, as it continues to post consecutive fourth-quarter revenue fall of 6% to $1.266 billion, in a row over the last one year. The company said that the revenues are badly hit by the constantly declining search and online display ads. Apart from this, the major contributor to the revenue decline is Alibaba’s decelerating growth. Yahoo owns a substantial stake in Alibaba and thus, stands largely affected. Yahoo! Inc. (NASDAQ:YHOO)’s endeavorsto revive its sinking business took a center stage this month after the company’s CEO Marissa Mayer firedHenrique de Castro, its Chief Operating Officer.
EMC Corporation (NYSE:EMC) managed to pass the analyst test with a negligible margin, but failed to put forth any meaningful guidance.The data storage company achieved a 11% year-over-year increase in its sales, at $6.7 billion. The company’s non-GAAP earnings also scaled higher to 11%, recorded at 60 cents per share. The analyst had predicted adjusted earnings of 59 cents per share over a $6.6 billion revenue. EMC Corporation (NYSE:EMC) released weak guidance for the fiscal year 2014, estimating $24.5 billion sales and $5.4 billion revenue as well as lower earnings, which is below analysts’ expectations of $25 billion and $5.8 billion respectively.
