Facebook Posts 2Q Profit, Has 955 Million Active Users
Facebook just announced their earnings for the second quarter and it was a profit. The company has $1.18 billion in revenues which resulted in an earnings per share (EPS) value of 12-cents.
During the earnings presentation Facebook announced that they had also added 55 million users since April resulting in a monthly active user count of 955 million. The daily active user count sits pretty at 552 million which is another gain from the 526 million that the social network reported in April.
The numbers resulted in a gain of 5% immediately after being announced but that quickly turned around and sent Facebook to a further 10% loss in after-hours trading. Currently the stock is trading down 9.33% in the after hours markets after already losing 8.5% in the open market today. On the bright side, it isn’t as bad as the Zynga outcome as that company’s stock had a terrible day on the open market, losing 37.48% for investors.