Facebook Meets Wall Street Expectations for Q2
Facebook reported $1.18 billion in revenue for the second quarter of 2012–a profit of $295 million for the company’s first quarter as a public company.
Facebook managed to meet Wall Street estimates as well. USA Today has more: “Facebook was expected to report net income of $293 million, or 12 cents per share excluding options expenses, on revenue of $1.15 billion, according to the survey of estimates from Thomson Reuters.”
Advertising is still the major money-maker for Facebook.
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