Facebook: 4Q Earnings Snapshot
MENLO PARK, Calif. (AP) _ Facebook Inc. (FB) on Wednesday reported fourth-quarter earnings of $7.35 billion.
On a per-share basis, the Menlo Park, California-based company said it had profit of $2.56.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.
The social media company posted revenue of $21.08 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $20.89 billion.
Facebook shares have climbed nearly 9% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 1%. In the final minutes of trading on Wednesday, shares hit $223.54, a climb of 55% in the last 12 months.