News Summary: Facebook 4Q results pass estimates
Published: January 30, 2013
Leave a comment
SOLID QUARTER: Facebook delivered fourth-quarter results above Wall Street's expectations on Wednesday and sought to show that it has finally transformed into a "mobile company." It generated 23 percent of advertising revenue from mobile, up from 14 percent in the third quarter.
Advertisement
INVESTMENTS UP: Expenses, excluding employee stock compensation, soared 67 percent from the previous year to $849 million, mainly due to hiring and infrastructure costs. It expects expenses, excluding stock compensation costs, to grow by about 50 percent in 2013.
SHARES DOWN: Its stock fell as investors placed more significance on the growing expenses than on its increasing user base and higher advertising revenue.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
New Rule in CALIFORNIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
Prev
