Facebook profit surges 76.6 percent as ad sales jump
04 May, 2017, 00:57 | Author: Sam Montgomery
Facebook announced it has beaten analyst expectations for its first quarter results with revenue topping $8bn and quarterly profit up 76.6 per cent.
Revenues for the quarter surged 49 percent to $8.03 billion from $5.38 billion a year ago.
Mobile advertising revenue - Mobile advertising revenue represented approximately 85% of advertising revenue for the first quarter of 2017, up from approximately 82% of advertising revenue in the first quarter of 2016. It wasn't immediately clear if the 77-cent figure corresponded with Q1 2017 earnings of $1.04.
Facebook (FB) this afternoon reported Q1 revenue and net income that was slightly ahead of consensus, but still saw its stock trade lower after market by a little bit. Results came in above what analysts were looking for this past quarter.
WH Preparing to Sign Religious Liberty Order Thursday
Conservative hope arose after a four-page draft copy of a religious freedom order was leaked to the press in early February. The executive order would also establish a new bureau to protect "religious freedom", within the Justice Department.
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Trump says he's brought 'profound change' to Washington
The administration argues that unfair competition with China and other trade partners has wiped out millions of US factory jobs. The president is expected to sign an executive order Saturday that will direct his Commerce Department and the U.S.
Facebook still makes most of its money in North America, where the company generated $17.07 of revenue with each and every user during the quarter, an increase of 37 percent over the same quarter past year.
Revenue: $8.03 billion vs. $7.83 billion expected, up 49% from the year-ago period. "We're continuing to build tools to support a strong global community".
What's more: Facebook (FB, Tech30) now has 1.28 billion people who use its services every single day, up from 18% year-over-year. But some were already confident Facebook remains on the growth track, partly thanks to rapidly increasing ad revenues at its Instagram photo and video sharing app.
The company is no longer reporting non-GAAP information for expenses, income, tax rate and EPS. Despite the earnings beat, shares in the social network were down 40 cents to $151.19 in after-hours trading.
It is unknown if these will have special features, but the Korok Mask will shake if you're close to the location of a Korok Seed. So once found, players can use this item to register a travel point on the map that Link can swiftly transport to at any time.
Technically, a team should not exceed the NFL's limit at any time. although some leeway is allowed in the aftermath of the draft. This pick also, in all likelihood, gives the Steelers a solid one-two punch at running-back for many years to come.
Houston , who traded up to the No. 12 overall pick to draft Watson, was already an above-average team without him. Despite talk about how good other quarterbacks can be, Watson is the most accomplished passer in the draft.
His mom stated that after leaving the service, her son overcame the "post traumatic stress disorder", he had suffered from. They were described by friends as being well-liked, according to a report by the Canadian Broadcasting Corp.
Topeka police said Bulmer was exiting his vehicle to speak to the child when the child fell into the pond. Police said he'd wandered away from a parent, who was looking for him at the time of the rescue.
Delegations have visited Tehran from foreign countries including the Czech Republic, hopeful for contracts. They are being supported by the Red Crescent and it is expected that there will have been some deaths.
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When the update arrives to you doesn't only depend on what make and model device you own, but also on your mobile carrier. There is also 64GB of internal storage which can be further expanded via a microSD card upto 256GB.
The EPA estimates that the government would need to spend almost $400 billion to upgrade water infrastructure. The act allows the EPA to make rules and standards for which the water systems would abide by.
Post-World War Two, Japan barred its military from using force to resolve conflicts except in cases of self defense. Navy supply ship, which is on its way to provide fuel to the Carl Vinson Carrier Strike Group.
I love my career, and I didn't want anything to interfere with that. "That's the question of the hour", Williams replied . I have said it once and I'll say it again, this world has come so far but yet has so much further to go.
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Patch , whose left eye was removed because of infection, drew the No. 20 post on the far outside. "It seems to never faze him". As you place your wages on the poised victor of this year's races, make sure to watch all the action go down in haute style.
'Made in India' South-Asia satellite to launch on 5th May
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Yum Brands shares rise after earnings beat
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It was a tale of two fights before the final round, with Joshua dominating early and knocking Klitschko down in the fifth. In fairness, it was hard not to be caught up in the moment, after what had been the best heavyweight fight in years.