Facebook Q4 Results Top Estimates

(RTTNews) - Facebook, Inc. (FB) reported net income for the fourth quarter of $701 million or $0.25 per share, compared to $523 million or $0.20 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $1.52 billion or $0.54 per share, compared to $814 million or $0.32 per share in the prior year quarter.

Revenue for the fourth quarter rose 49% to $3.85 billion from $2.59 billion in the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, fourth quarter revenue would have increased by 53%.

Analysts polled by Thomson Reuters expected the company to earn $0.48 per share on revenue of $3.77 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Monthly active users were 1.39 billion as of December 31, 2014, an increase of 13% year-over-year.