Facebook, Inc Q4 Income Rises

(RTTNews) - Facebook, Inc (FB) released a profit for its fourth quarter that rose from last year.

The company's profit came in at $6.88 billion, or $2.38 per share. This compares with $4.27 billion, or $1.44 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.4% to $16.91 billion from $12.97 billion last year.

Facebook, Inc earnings at a glance:

-Earnings (Q4): $6.88 Bln. vs. $4.27 Bln. last year. -EPS (Q4): $2.38 vs. $1.44 last year. -Analysts Estimate: $2.19 -Revenue (Q4): $16.91 Bln vs. $12.97 Bln last year.