7/25, 10:08 PM (Source:
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Facebook reports EPS at $1.74 in Q2, up 32% YoY

Social media giant Facebook reported on Wednesday its revenue at $13.2 billion, up 42% year-over-year. Earnings per share for the second quarter of 2018 stood at $1.74, up 32% compared to the same period of last year.

Facebook said its net income for the second quarter was recorded at $5.1 billion, rising 31% compared to the previous year. Monthly active users stood at 2.23 billion as of June 30, marking an increase of 11% year-over-year.

"We are committed to investing to keep people safe and secure, and to keep building meaningful new ways to help people connect," Facebook CEO Mark Zuckerberg stated. Meanwhile, tech giant's shares plunged over 8% in after-market trading.

Breaking the News / BM