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Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs

Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs - Facebook, Inc. NASDAQ:FB

Shares of Facebook Inc FB traded up more than 6 percent in Wednesday’s after-hours session, following the announcement of the company’s Q2 results. Earnings of $0.97 per share came in $0.15 above the Street’s consensus, while revenue of $6.44 billion beat estimates of $6.02 billion.

The social media giant’s earnings beat margin had been increasing since April last year. Below is a list of the margin by which EPS beat estimates since the first quarter of 2015.

  • +$0.15 4/27/16
  • +$0.11 1/27/16
  • +$0.05 11/4/15
  • +$0.03 7/29/15
  • +$0.02 4/22/15

However, the latest report brought a beat of the same dimension as the one witnessed in the previous quarter.

Another very important figure for Facebook is daily active users, or DAUs, which was up 17 percent year-over-year, to 1.13 billion. For their part, mobile DAUs rose 22 percent year-over-year to 1.03 billion.

Monthly active users (MAUs) surpassed 1.7 billion, up from 1.65 billion last quarter.

"We're particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services,” CEO Mark Zuckerberg said in a press release.

Shares traded recently at $131.30, up 6.4 percent.

© 2016 Benzinga does not provide investment advice. All rights reserved.