Facebook beat the street in the fourth quarter of 2012, delivering revenue of $ 1.59 billion and earnings of 17 cents per share.
Wall Street was expecting revenue of $ 1.53 billion with earnings of 15 cents a share. That compares with $ 1.26 billion in revenues last quarter and adjusted earnings of 12 cents per share. If you looked at social network’s non-adjusted earnings, the company failed to book any profit, recording a loss of $ 59 million last quarter.
If you look at the year-over-year changes, Facebook had $ 1.13 billion in revenue and a profit of $ 302 million back in the fourth quarter of 2011.
Wall Street is paying particularly close attention to Facebook’s growth in mobile. It’s well know that the company is seeing its user base…