Shares of Facebook Inc(NASDAQ:FB) are showing very high
volatility in late trading on Thursday as the world’s social networking website
posted in line net income and revenue came just slightly higher than
anticipated.
The company swung to second quarter loss of $157 million, or
8 cents a share, reversing a year ago net income of $240 million, or 11 cents a
share, when the company was private.
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on Earnings on FB, HERE
On an adjusted, the company would have earned 12 cents, just
matching the analysts’ target. On the hand revenue during the latest came 0.30
million than expected. The company generated revenue of $1.18 billion, compared
to analysts target of $1.15 billion.
Monthly active users jumped 29% from a year ago at 955
million and daily active users added 32% to 552 million. Mobile monthly active
users were 543 million, jumped 67%.During the first quarter, Facebook had 901
million monthly visitors and 526 million daily visitors.
Shares of FB are showing wild moves in after hours as the
stock was recently down over 10% to record low of $24.10 after gaining 8% just within a
minute after reporting numbers. The stock ended lower 8.50% in the regular
session.
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