Owlet receives clearance to sell its baby monitoring tech in the EU
Dream Sock is an over the county monitor offering live health readings and notifications for infants
Read more...Shares of Facebook are remaining flat in after-hours trading on Wednesday, despite the company posting fourh-quarter and full year results that handily beat Wall Street expectations.
Facebook seen its shares go up .61% or $0.46, to $76.24 a share during regular trading.
"We got a lot done in 2014. Our community continues to grow and we're making progress towards connecting the world," Mark Zuckerberg, Facebook founder and CEO, said in a statement.
In the earnings report, Facebook posted fourth quarter revenue of $3.85 billion, beating Wall Street's estimates of $3.77 billion. Adjusted earnings per share came in at $0.54 cents in the quarter, higher than the $0.48 cents a share that analysts had been expecting.
Advertising revenue was $3.59 billion for the quarter. It increased 53% from the same quarter the year before. Mobile accounted for 69% of that revenue, up from approximately 53% of advertising revenue in the fourth quarter of 2013.
Revenue from payments and fees for the quarter was $257 million, a 7% increase year-to-year.
GAAP net income was $701 million, a 34% increase from the $523 million for the fourth quarter of 2013, while non-GAAP net income for the quarter was $1.52 billion, up 86% compared to $814 million for the fourth quarter of 2013.
Full Year 2014 numbers
For the full year 2014, Facebook saw $12.47 billion in revenue, a 58% increase from 2013. Income from operations for the full year 2014 was $4.99 billion. Analystis had been expecting $12.39 billion in revenue. Earnings per share for the full year were $1.77.
Daily active users (DAUs) were 890 million on average for December 2014, an increase of 18% year-over-year, while mobile DAUs were 745 million on average for December 2014, an increase of 34% year-over-year.
Monthly active users (MAUs) were 1.39 billion as of December 31, 2014, an increase of 13% year-over-year. Mobile MAUs were 1.19 billion as of December 31, 2014, an increase of 26% year-over-year.
We will be covering Facebook's earnings conference call coming up later today.
(Image source: ibtimes.com)
Dream Sock is an over the county monitor offering live health readings and notifications for infants
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