Facebook, Inc Q1 Earnings Rise 87%

(RTTNews) - Facebook, Inc (FB) announced a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line totaled $2.23 billion, or $0.77 per share. This was higher than $1.19 billion, or $0.42 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 52.0% to $5.38 billion. This was up from $3.54 billion last year.

Facebook, Inc earnings at a glance:

-Earnings (Q1): $2.23 Bln. vs. $1.19 Bln. last year. -Earnings Growth (Y-o-Y): 87.4% -EPS (Q1): $0.77 vs. $0.42 last year. -EPS Growth (Y-o-Y): 83.3% -Analysts Estimate: $0.62 -Revenue (Q1): $5.38 Bln vs. $3.54 Bln last year. -Revenue Change (Y-o-Y): 52.0%