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"Facebook allayed some of the fears about its business on Thursday \u2014 by beating Wall Street's estimates for its fiscal second quarter revenues and earnings.\nFacebook posted revenues of $1.18 billion and non-GAAP earnings per share of $0.12. Analysts polled by Thomson Reuters predict Facebook to report non-GAAP earnings $0.12 per share on revenues of $1.1 billion, which will be up about 5% from last quarter\u2018s $1.058 billion. \nAdvertising makes up the bulk of that; last quarter $872 million came from ads. Analysts were expected ad revenues of $921 million. Facebook beat that with $992 million in ad revenues.\n\nSEE ALSO: Facebook Stock Hits New Low \nThe company also announced 552 million daily active users as of June 30, a 32% jump over the year-ago period. Monthly active users were 955 million, which was up 29%.  The company also claims 543 million monthly active users on mobile, a 67% jump.\nFacebook's shares were down 8.5% before the market closed, to $26.84. In after-hours, the stock was down another 5% to less than $26.\nWe'll add more details as we get them, so check back shortly. \nImage courtesy of iStockphoto, kizilkayaphotos"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2012/07/26/facebook-posts-1-18-billion-in-revenues-beating-estimates/>