Facebook Beats Estimates With $4.04 Billion, Mobile Nearing 80 Percent

by Greg Sterling
Facebook announced second quarter earnings this afternoon. The company posted revenues of $4.04 billion and beat analyst consensus revenue estimates for the quarter by about $50 million. Earnings per share also beat estimates but relatively narrowly. The bulk of quarterly revenue came from advertising ($3.82 billion) with a small amount ($215 million) from payments and other fees.Read the full article