Facebook Posts $1.18 Billion in Revenues, Beating Low Estimates

July 26, 2012 | Filed under: Business,Finance,Technology | Posted by:

(Mashable)Facebook allayed some of the fears about its business on Thursday — by beating Wall Street’s estimates for its fiscal second quarter revenues and earnings.

Facebook posted revenues of $1.18 billion and non-GAAP earnings per share of $0.12. Analysts polled by Thomson Reuters predict Facebook to report non-GAAP earnings $0.12 per share on revenues of $1.1 billion, which will be up about 5% from last quarter‘s $1.058 billion.

Advertising makes up the bulk of that; last quarter $872 million came from ads. Analysts were expected ad revenues of $921 million. Facebook beat that with $992 million in ad revenues.

 

 
The company also announced 552 million daily active users as of June 30, a 32% jump over the year-ago period. Monthly active users were 955 million, which was up 29%. The company also claims 543 million monthly active users on mobile, a 67% jump.

Facebook’s shares were down 8.5% before the market closed, to $26.84. In after-hours, the stock was down another 5% to less than $26.

We’ll add more details as we get them, so check back shortly.