Thursday, July 26, 2012

Facebook Inc(NASDAQ:FB) Turns Volatile In Afterhours Activity

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.

Get Complete Analysis 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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