L.A. Now
Judge sentences 6 to prison in Sheriff's Department corruption probe

Topics

Zynga Inc.
Facebook blows past estimates, reports big gains in revenue and profit
Facebook blows past estimates, reports big gains in revenue and profit

Facebook crushed expectations with its first-quarter financial results. The world's biggest social network reported profit of $642 million for the three months ended March 31, nearly three times its profit of $219 million in the year-earlier period. Revenue was up 72%, to $2.5 billion. Excluding one-time items, Facebook's profit was $885 million, or 34 cents a share, compared with $312 million, or 12 cents, in the year-earlier period. Analysts had expected earnings per share of 24 cents on revenue of $2.36 billion, according to Thomson Reuters. Facebook reported earnings after the bell Wednesday. Its shares were up nearly 3% shortly before 2 p.m. PDT. During regular trading...

Loading