Facebook (NASDAQ:FB) First Quarter Profit Outshines Wall Street Forecasts

Facebook Inc’s (NASDAQ:FB), based in Menlo Park, California, fiscal Q1 sales surpassed forecasts, an indication that CEO Mark Zuckerberg is making headway in a drive to make more money from mobile advertising.

Facebook, world’s biggest social network giant, announced in a statement on Wednesday that fiscal Q1 sales moved up 38% to $1.46 billion. That evaluated against the median analysts’ forecasts of $1.44 billion, as shown in the Bloomberg gathered data.

Profit without few items was 12 cents per share, evaluated against a median forecast of 13 cents.

Quarterly net income attributable to shareholders moved up 58% to $217 million, evaluated against $137 million in previous year. Operating costs hiked 60% to $1.09 billion, as social network giant added more staff and poured money into computers and software.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Angie’s List Inc (NASDAQ:ANGI) fell -6.06% to settle at $22.77, WebMD Health Corp. (NASDAQ:WBMD) moved down -2.19% to end at $23.62 while LinkedIn Corp (NYSE:LNKD) jumped +1.42% to finish at $194.82 on Wednesday.

Facebook Inc (NASDAQ:FB) last session’s volume of 64.57 million shares was surprisingly higher than its average volume of 33.25 million shares. The stock after opening at $27.85 hit high price of $27.92 and then closed at $27.43 by scoring -1.22%.

The liquidity measure in recent quarter results of the company was recorded 10.71 as current ratio and on the other side the debt to equity ratio was 0.20 and long-term debt to equity ratio remained at 0.17. The Company had total cash of $9.63 billion at hand and a book value per share as $4.98 in the most recent quarter.

The stock’s price volatility was 2.55% for a week and 3.03% for a month as well as price volatility’s Average True Range for 14 days was 0.81.

FB generated revenue of $5.09 billion in the previous twelve months and earned $32.00 million. The Company showed a positive 1.04% in the net profit margin as well as in its operating margin which remained at 10.57%. Company’s annual sales growth for the past five years was 101.55%.

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