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Facebook Stock Surges After It Beats Wall Street Expectations for Q2

Facebook Stock Surges After It Beats Wall Street Expectations for Q2Facebook Stock Surges After It Beats Wall Street Expectations for Q2

Facebook stock rose 15 percent in after-hours trading Wednesday after the social network released second quarter earnings that exceeded Wall Street forecast on both revenue and earnings per share.

Earnings per share rose $ 0.19 cents, while revenue jumped 53 percent from the same period a year ago to $1.81 billion. Analysts predicted $0.14 and $1.62 billion, respectively. In second quarter of 2012, Facebook's earnings per share was $0.12 and revenue was $1.18 billion.

Facebook also built on its Monthly Active Users and Mobile Monthly Active Users, reporting 1.15 billion and 819 million, respectively. Last quarter, that number was 1.11 billion and 751 million.

More to come...

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