Facebook Inc. Again on the Rise

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-