Thursday, January 31, 2013

Facebook Slips: Q4 Revenue, EPS Beat

Facebook (FB) this afternoon reported Q4 revenue and profit per share that exceeded analyst estimates.

Revenue in the three months ended in December rose to $1.59 billion, yielding EPS of 17 cents.

Analysts had been modeling $1.52 billion in revenue and 15 cents a share.

Facebook’s operating margin, on a non-GAAP basis, slipped from 55% in the year-earlier quarter to 46%, the company said.

Monthly active users, or MAUs, as the company refers to them, rose to 1.06 billion at quarter’s end, a 25% year-over-year rise. Daily active users were up 28% at 618 million, it said. Users on mobile devices rose more swiftly, up 57% to 680 million MAUs.

Shares are down $1.21, or 4%, at $30.18 in late trading, and were briefly down as much as 8%.

Facebook management will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.

Update: The shares have made back their losses and are now up 4 cents.

Update 2: Shares of Facebook have reversed course again as the conference call gets under way. The stock is off 70 cents, or 2.2%, at $30.54.

 

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