The Jeff Ward Show
Facebook now has 1.32 billion users, with 30% only using it on their mobile
Facebook posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, along with its user base.
The company's shares climbed nearly 4 percent in extended trading after the results came out, signaling that they could hit a record high when the stock market opens on Thursday.
Facebook Inc. (FB) said Wednesday that it earned $788 million, or 30 cents per share, in the April-June period, up from $331 million, or 13 cents per share, in the same quarter a year ago.
FACEBOOK IN FIGURES
Facebook had 1.32 billion active users at the end of June, up 14 percent from a year earlier.
On average, 829 million people used Facebook every day in June, up 19 percent from a year earlier.
The number of people who log in at least once a day on mobile devices was 654 million on average in June, up 14 percent from a year earlier.
Adjusted earnings were 42 cents per share, beating Wall Street's expectations of 33 cents, according to a poll by Zacks Investment Research.