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Facebook Stock drops sharply after Facebook Q2 Earnings Release

Jul 27 2012, 1:48am CDT | by , in News | Technology News

Facebook Stock drops sharply after Facebook Q2 Earnings Release

Facebook shares dropped 10% in after hour trading. It already fell 8% during the day.

Facebook released their Q2 2012 Earnings after the market closed.   Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year. Daily active users (DAUs) on Facebook were 552 million on average for June 2012, an increase of 32% year-over-year. Facebook's Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year.

Revenues were $1.18 billion for the quaerter which is an incrase of 32%. This is pretty much in line what was expected. Still the Facebook stock crashed yesterday closing at $23.97. I guess investors just wanted to see a miracle.

"Our goal is to help every person stay connected and every product they use be a great social experience," said Mark Zuckerberg, Facebook founder and CEO. "That's why we're so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends."

Via Facebook.

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