The latest post on ‘ReadWrite’ is titled “Facebook Turns Corner On Mobile Revenue Concerns”.
Dave Copeland says, “Facebook topped analysts estimates with its third-quarter earnings release, thanks to stronger than expected mobile advertising revenue.
The Menlo Park, Calif.-based company, which has struggled since its initial public offering in May, reported third-quarter earnings of $311 million, or 12 cents a share, on revenue of $1.26 billion, up from net income of $227 million a year ago. Those numbers beat analyst expectations. Wall Street had estimated the company would earn $285.12 million, or 11 cents a share, on revenue of $1.23 billion”.
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