Facebook, Inc. (NASDAQ:FB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income dipped to $64 million (3 cents per diluted share) in the quarter versus a net gain of $205 million in the year-earlier quarter. Revenue rose 40.14% to $1.59 billion from the year-earlier quarter.
Facebook, Inc. reported adjusted net income of 17 cents per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $1.53 billion.