Facebook’s quarterly profit rose 59.2 percent since its mobile application attracted new advertisers and got old to plow more money into marketing. The share price hit a new record during the regular trading on Wall Street and raised further by at most 7 percent after the trade.
Earnings per share is equivalent to 71 cents per share, or 2.05 billion dollars (17.35 billion) in the second quarter ending June 30th. That compares with a profit of 25 cents or $ 715 million (6.0 billion) during the corresponding quarter last year.
Revenue rose to 6.44 billion dollars (55.42 billion), compared with 4.04 billion dollars (34.18 billion) in the second quarter of 2015.
Most of the income, 84 percent, came from ads in your mobile app.
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