“NEW YORK (TheStreet) — Facebook (FB_) beat Wall Street revenue estimates in its first quarter, and the company’s future lies in the hands and laps of its mobile users.
As Chief Financial Officer David Ebersman told TheStreet earlier this year, Facebook is now a mobile company. About 30% of total advertising revenue came from mobile, and beat Wall Street expectations for mobile revenue, at $374 million.
For the full quarter, Facebook earned 12 cents a share on revenue of $1.46 billion, an increase of 38% year over year. The Menlo Park, Calif.-based company was expected to earn 13 cents on a non-GAAP basis, with revenue coming in at $1.44 billion, according to analysts surveyed byThomson Reuters….”
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