Financial results of Internet technology giant Facebook Inc. (USA), which owns the world's largest social network in the second quarter were better than the average forecast of the market.
According to the press release, in April-June, a net profit of $ 333 million (13 cents per share) was recorded. It's much better results the same period last year, when there was a net loss of $ 157 million (down 8 cents per share).
Adjusted earnings increased to $ 488 million, revenue was $ 1.813 billion versus $ 1.184 billion in the previous year (+53%).
Analysts polled by FactSet, on average, estimated adjusted earnings of 14 cents per share on revenue of $ 1.62 billion.
The number of active users Facebook (account activity at least once a month) at the end of last quarter reached 1.15 billion, up 21% compared to the same date in 2012, according to reports. Number of users of social networking on mobile devices has increased by 51% - up to 819 million people.
The company's revenue from advertising increased by 61% to $ 1.6 billion, while revenue from advertising on mobile devices accounted for about 41% of the total compared with 30% in the first quarter of this year.
Facebook share prices rose nearly a fifth (19%) in electronic trading after the publication of reports. Since the IPO in the past year, the company's capitalization has shrunk by 30%. - 17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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