Facebook (NASDAQ:FB) reported its Q4 and 2012 results today. For the quarter, the company's revenue was $1.59 billion, and net income on a GAAP basis was $64 million ($0.03 per diluted share). Those figures were 40% higher and 8% lower, respectively, on a year-over-year basis. The top line exceeded analyst estimates of $1.51 billion, while earnings generally met the consensus.

For fiscal 2012, the company brought in $5.09 billion in revenue and netted a profit of $53 million ($0.01 diluted EPS). These represented a gain of 37% and a fall of 95%, respectively, over 2011's results. On a non-GAAP basis, Facebook's bottom line was $426 million ($0.17 diluted EPS) in Q4, and $1.32 billion ($0.53) for the full year.

Following the results announcement, Facebook shares shed about 10% of their value in heavy trading, but they have since recovered.

Fool contributor Eric Volkman owns shares of Facebook. The Motley Fool recommends Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.