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July 27, 2012 12:14 am GMT

Facebook Posts $1.18 Billion in Revenues, Beating Low Estimates




Facebook allayed some of the fears about its business on Thursday -- by beating Wall Street's estimates for its fiscal second quarter revenues and earnings.

Facebook posted revenues of $1.18 billion and non-GAAP earnings per share of $0.12. Analysts polled by Thomson Reuters predict Facebook to report non-GAAP earnings $0.12 per share on revenues of $1.1 billion, which will be up about 5% from last quarters $1.058 billion.

Advertising makes up the bulk of that; last quarter $872 million came from ads. Analysts were expected ad revenues of $921 million. Facebook beat that with $992 million in ad revenues.

SEE ALSO: Facebook Stock Hits New Low

The company also announced 552 mi…
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More About: Advertising, Facebook, facebook ipo


Original Link: http://feeds.mashable.com/~r/Mashable/~3/hnSoIw-cMNM/

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