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Facebook, Inc Q2 Income Drops

(RTTNews) - Facebook, Inc (FB) released a profit for second quarter that decreased from the same period last year.

The company's earnings came in at $2.62 billion, or $0.91 per share. This compares with $5.11 billion, or $1.74 per share, in last year's second quarter.

Analysts had expected the company to earn $1.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.7% to $16.89 billion from $13.23 billion last year.

Facebook, Inc earnings at a glance:

-Earnings (Q2): $2.62 Bln. vs. $5.11 Bln. last year.
-EPS (Q2): $0.91 vs. $1.74 last year.
-Analysts Estimate: $1.88
-Revenue (Q2): $16.89 Bln vs. $13.23 Bln last year.
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