Big news today from the social media realm, with Facebook (FB) blowing away earnings expectations

Jay Soloff

Argonath Financial

Big news today from the social media realm, with Facebook (FB) blowing away earnings expectations. The social media giant is up nearly 15% as of this writing. Investors are clearly thrilled with the company's transition to a mobile first company. Mobile ad revenue accounted for 53% of total revenues, up from 49% in the prior quarter. Meanwhile, monthly mobile users climbed to 945 million, an impressive 39% gain from the same quarter last year. Overall, total users numbered 1.23 billion worldwide, with a whopping 757 million daily users - 556 of those being mobile daily users. FB's revenues came in at $2.59 billion with adjusted earnings of $0.31 per share. Analysts had projected $2.35 billion and $0.27. Basically, FB continues to show strong growth and a praiseworthy ability to monetize its massive user base. (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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