Boston, MA 07/26/2013 (wallstreetpr) – Facebook Inc (NASDAQ:FB) has reported its three month earnings report in which the company has shown the earnings of $ 0.19 for each share for the quarter (April 2013 to June 2013), totaling to a revenue of $ 1.8 billion. On the day of this report from the company, the stock of Facebook Inc continued to show an upward trend and closed the day at the price of $ 26.51 for each share. It is to be noted that the both the profit as well as the revenue has surpassed the expectations by the analysts. The company’s active user base of the month has grown by 21% during this quarter and resulted in the increase of revenue by 1.15 billion and mobile ad. These are making up about 41% of the advertising revenue.
During the last trading session, the shares of Facebook Inc soared by 19.7% from the previous day’s close after smashing down the earning expectations of the company. The adjusted earnings of Facebook Inc were $ 0.19 for each share which has increased by 65% from the previous year. This resulted in the revenue of $ 1.81 billion including the value of $ 656 in mobile advertising. Mark Zuckerberg, CEO of Facebook Inc anticipates that the mobile sales will be greater than the revenue of desktops very soon.
During the last trading session, the stock of Facebook Inc went 31.12% up to the price of $ 8.25 in the pre-market with the trading volume of 41,719,816 shares. At present, Facebook Inc is under the process of testing an innovative way for posting an advertisement for the online games. Facebook Inc has launched its easy version of their social networking website to be used in the simpler mobiles. Even these types of mobile users can also be able to access the limited features of the Facebook with the help of this offer from Facebook. Facebook would be acquiring Monoidics’ technical team in order to enhance the features of mobile applications.
