Facebook smashes Wall Street’s expectations


Shares in the company jumped more than 6 percent in after-hours trading. Even shares of social media competitors like LinkedIn and Twitter traded higher Wednesday after the bell.

The company saw a 46 percent increase in earnings-per-share, and a nearly 52 percent increase in revenue over the same period last year: In the fourth quarter of 2014, Facebook recorded earnings of 54 cents per share on $3.85 billion in revenue.

In total for the full year 2015, Facebook said its revenue came in at $17.93 billion — an increase of 44 percent year-over-year.

Read the full story on CNBC here.

Read the press release here.

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