It looks like Facebook's incredible success won't be ending anytime soon! The site revealed their latest quarter earnings, and they took in $2.9 billion in revenues. This was even higher than the 2.81 billion analysts had predicted. In addition, they beat the earnings per share prediction by 10 cents. Facebook's stock went up almost 4%, and closed at $71.29. Shareholders were very pleased by Facebook's announcement.
Boy were all the skeptics wrong. Facebook still is the predominant social media outlet, and they have control over so many aspects of online business. Everything was set up for the company to turn extremely nice profits post-IPO, and that trend has definitely continued.
For 2014 Q2, Facebook posted a whopping 2.9 billion dollar revenue compared to an expected 2.81 billion. It was a substantial number as well as beating the expectations of analysts. Facebook also beat the expected earnings per share with $0.42 per share compared to analysts' projections of $0.32. That is a big deal.
What is also appealing about Facebook's stock is that it can be bought for under $100 a share, which is great compared to other Internet monopoly stocks, such as Google. Facebook's advertising revenue for the 2nd quarter was 2.68 billion dollars. Many people who used to be skeptics have watched Facebook perform quarter after quarter and its brand remain strong. With nothing changing, and the business expected to continue to increase profits, why not jump on in?
Mobile usage is also on the rise. In fact, a whopping 399 million of Facebook users access Facebook on their phones exclusively. 1.07 billion users log on with their mobile devices at least once monthly. This information should make it easier for Facebook to increase their mobile advertising revenue even more. Right now, Facebook appears to be unstoppable. It will be interesting to see how the company continues its growth in the future.
There are endless results out there showcasing how FaceBook is the largest social media platform in the world. The stock has closed up around $71 and is still rising. This showcases that a downfall is not even remotely around the corner considering how things are transpiring. The expectations at the moment were coming in at $0.32 increases across all shares. However, this has been smashed as FaceBook was able to increase their shares by $0.42. This is a significant amount of money in terms of an increase considering how many shares are out there at the moment.
Boy were all the skeptics wrong. Facebook still is the predominant social media outlet, and they have control over so many aspects of online business. Everything was set up for the company to turn extremely nice profits post-IPO, and that trend has definitely continued.
For 2014 Q2, Facebook posted a whopping 2.9 billion dollar revenue compared to an expected 2.81 billion. It was a substantial number as well as beating the expectations of analysts. Facebook also beat the expected earnings per share with $0.42 per share compared to analysts' projections of $0.32. That is a big deal.
What is also appealing about Facebook's stock is that it can be bought for under $100 a share, which is great compared to other Internet monopoly stocks, such as Google. Facebook's advertising revenue for the 2nd quarter was 2.68 billion dollars. Many people who used to be skeptics have watched Facebook perform quarter after quarter and its brand remain strong. With nothing changing, and the business expected to continue to increase profits, why not jump on in?
Mobile usage is also on the rise. In fact, a whopping 399 million of Facebook users access Facebook on their phones exclusively. 1.07 billion users log on with their mobile devices at least once monthly. This information should make it easier for Facebook to increase their mobile advertising revenue even more. Right now, Facebook appears to be unstoppable. It will be interesting to see how the company continues its growth in the future.
There are endless results out there showcasing how FaceBook is the largest social media platform in the world. The stock has closed up around $71 and is still rising. This showcases that a downfall is not even remotely around the corner considering how things are transpiring. The expectations at the moment were coming in at $0.32 increases across all shares. However, this has been smashed as FaceBook was able to increase their shares by $0.42. This is a significant amount of money in terms of an increase considering how many shares are out there at the moment.
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