Facebook revenue surges 39 percent but costs also soar<article>
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Facebook has posted strong sales results for the second quarter, showing continued success in its advertising business, though its costs also rose sharply.</p><p>
Total revenue for the quarter ended June 30 was US$4.04 billion, Facebook
reported Wednesday, up 39 percent from the same period last year and just over
analysts’ estimates of $3.99 billion, as polled by Thomson Reuters.</p><p>
But the company made less money than it did a year earlier, with net income falling by nearly 10 percent to $719 million. Earnings per share declined from $0.30 to $0.25.</p><p class="jumpTag"><a href="/article/2954672/software-social/facebook-revenue-surges-39-percent-but-costs-also-soar.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Facebook revenue surges 39 percent but costs also soar
