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Facebook beats expectations in Q4, posts EPS of $0.17 on $1.59 billion in revenue

Corey

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Corey Apprentice

Corey

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Facebook Q4 Earnings
Shares of Facebook (FB) have rebounded nicely since the company's disastrous initial public offering last May. While the social network's stock has not reached its IPO price of $38 per share, it has increased more than 30% in the last six months. After beating expectations last quarter, Facebook has continued to grow and focus on new ways of connecting users through the Web. The company recently announced its Graph Search feature and has doubled down on mobile revenue. The numbers are in and Facebook beat Wall Street's expectations in the fourth quarter. The company reported revenue of $1.585 billion and an EPS of $0.17, ahead of the Street's expectations of $1.53 billion in revenue and EPS of $0.15.

 

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