Somewhat obscured behind big earnings news from Apple and Amazon, Facebook posted big numbers exceeding analyst projections on both the top and bottom lines

Somewhat obscured behind big earnings news from Apple and Amazon, Facebook posted big numbers exceeding analyst projections on both the top and bottom lines. The company generated $2.5 billion in revenues and adjusted earnings of $0.34 per share. Analysts had projected $2.36 billion in revenue and $0.24 a share in profits. The world's largest social network also gained 50 million new monthly active users, with a grand total of 1.28 billion users. Perhaps most importantly, mobile ads now generate 60% of FB's total ad revenues. In fact, monthly mobile active users crossed over the key 1 billion mark during the quarter. It will be interesting to see what the company does in the coming months with acquisitions of WhatsApp and Oculus VR. (VIEW LINK)