Facebook (FB) Plunges, Then Recovers after Q4 Results
Article
Related Press Releases (1)
Related Articles (8)
Related SEC Filings (1)
Stock Quotes (1)
Comments (0)
Tweet
Send to a Friend
Facebook (NASDAQ: FB) shares were whipsawed after-hours Wednesday following fourth quarter results that beat on both the top and bottom-line. Despite the beat, shares immediately fell over 9 percent only to recover losses moments later as investors turned their focus to strong mobile results.
Facebook said mobile revenue represented approximately 23% of advertising revenue for the fourth quarter, up from approximately 14% of advertising revenue in the third quarter.
Total revenue in the quarter was $1.585 billion, up 40 percent from last year. Revenue from advertising was $1.33 billion, representing 84% of total revenue and a 41% increase from the same quarter last year.
Non-GAAP EPS was $0.17, up from $0.15 last year. The number also beat the consensus, which was also $0.15.
"In 2012, we connected over a billion people and became a mobile company," said Mark Zuckerberg, Facebook founder and CEO. "We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company."
Shares of Facbook last traded at $30.64, down 1.9 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Facebook said mobile revenue represented approximately 23% of advertising revenue for the fourth quarter, up from approximately 14% of advertising revenue in the third quarter.
Total revenue in the quarter was $1.585 billion, up 40 percent from last year. Revenue from advertising was $1.33 billion, representing 84% of total revenue and a 41% increase from the same quarter last year.
Non-GAAP EPS was $0.17, up from $0.15 last year. The number also beat the consensus, which was also $0.15.
"In 2012, we connected over a billion people and became a mobile company," said Mark Zuckerberg, Facebook founder and CEO. "We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company."
Shares of Facbook last traded at $30.64, down 1.9 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Infoblox (BLOX) Tops Q3 EPS by 5c; Issues Outlook
- Pandora (P) Gets Even More Social with New Facebook (FB) Timeline App
Create E-mail Alert Related Categories
Earnings, Hot Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
