Facebook (FB) released its second quarter financial results after the close of the U.S. stock market Tursday, which slightly exceeded Wall Street analysts’ expectations, but Facebook did not publish the future earnings guidance.
The financial results show for the second quarter, revenue of $ 1.18 billion, up 32% compared to a year ago, slightly more than analysts had expected $1.15 billion; net loss of $157 million compared to a year earlier profit of $240 million; non-GAAP earnings per share of 12 cents, in line with analyst expectations.
As of the article release, Facebook stock price plunged more than 10% in the after-hours trading. In the regular trading session on the Nasdaq Thursday, Facebook was dragged down by the poor quarterly results of Zynga (ZNGA), with a plunge of 8.50%, to close at $26.84, the current Facebook stock price slid approximately 29% over its IPO price of $38 two months ago.