Facebook Q2 Profit More Than Doubles

Facebook said revenue climbed 61% to $2.91 billion from $1.81 billion in the same quarter a year ago.

Jul 23, 2014 at 4:42PM

MENLO PARK, Calif. (AP) -- Facebook this afternoon reported profit that more than doubled in its second quarter, and topped analysts' expectations.

The Menlo Park-based company said earnings rose to $788 million, or $0.30 per share, from $331 million, or $0.13 per share, in the same quarter a year ago.

Earnings, adjusted for stock option expense, were $0.42 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $0.33 per share.

The company said revenue climbed 61% to $2.91 billion from $1.81 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $2.8 billion, according to Zacks.

Highlights the company noted included:

  • Daily active users (DAUs) were 829 million on average for June, a 19% year-over-year increase.
  • Mobile DAUs were 654 million on average for June, up 39% YOY.
  • Monthly active users (MAUs) were 1.32 billion as of June 30, a YOY  increase of 14%.
  • Mobile MAUs were 1.07 billion as of June 30, an increase of 31% year-over-year.

Facebook shares have climbed $16.64, or 30%, to $71.29 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5%. The stock has increased $44.78, or more than doubled, in the last 12 months.

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The Motley Fool recommends Apple and Facebook. The Motley Fool owns shares of Apple and 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.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

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The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

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KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't 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.

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