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Thursday, January 31, 2013

Facebook shares fall despite earnings beat.

Accelerated growth in Facebook's (FB) mobile ad sales helped the company's Q4 earnings beat expectations, with EPS coming in at $0.17 and revenue jumping 40% to $1.59B. However, net profit slumped 79% to $64M, due to increased spending and charges related to employee shares. Overall ad sales climbed 41% to $1.33B, with mobile making up 23% of the figure. That's up from 14% in Q3, although the growth didn't meet heightened expectations, which could be one reason for the stock sliding 5.6% premarket.

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