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Facebook shares up nearly 17%

Facebook (NASDAQ: FB) is probably racking up a host of “likes” following the release of its Q2 results. For the quarter, revenue came in at US$1.8 billion, up 53% from US$1.2 billion in the same period the previous year. The bottom line saw a more pronounced improvement, rising to a profit of US$333 million ($0.13 per diluted share) from a Q2 2012 loss of US$157 million ($0.08). On an adjusted basis, those figures were US$488 million ($0.19 per diluted share) and US$295 million ($0.12) in the black, respectively.

Analysts had been expecting revenue of US$1.6 billion and adjusted EPS of $0.14.

In terms of operations, the company’s daily active users averaged 699 million last month. That was 27% higher than the June 2012 number. As of June 30, the figure for monthly active users was 21% higher at 1.15 billion, while mobile monthly active users saw a year-over-year boost of 51% to 819 million.

Following the earnings release, Facebook shares were up US$4.49, or nearly 17%, in after-hours trading.

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A version of this article, written by Eric Volkman, originally appeared on fool.com.

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