Facebook earnings leap from mobile advertising

Posted online July 28, 2016 | 11:18 am

As its mobile app attracted new advertisers, Facebook Inc.'s quarterly revenue jumped 59.2 percent.

Revenue came to $6.4 billion, up from $4 billion a year earlier.

Net income attributable to Facebook's stockholders rose to $2.1 billion, or 71 cents per share, in the second quarter ended June 30, up from $715 million, or 25 cents per share, last year.

Read more from Reuters.

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