Wow! Facebook Q1 Earnings: $1.46 Billion Revenue, Up 38%

           

Holy Hannah!  From Forbes: Facebook posted first quarter earnings that missed expectations slightly but beat revenue expectations. The social network posted earnings of 12 cents per share on revenue of $1.458 billion.

Facebook shares are down $0.28 or 1.02% to $27.15 in after-hours trading. In regular trading the stock closed down $0.34 or 1.22% to $27.43.

Revenue: Total revenue in the first quarter was up 38% from the year-ago period. In the prior fourth quarter, revenue was up 40% year-over-year. Revenue from advertising in the first quarter was $1.25 billion, making up 85% of total revenue and up 43% from the year-ago period….

Find out more at http://www.forbes.com/sites/tomiogeron/2013/05/01/facebook-q1-earnings-1-46-billion-revenue-up-38/