Mobile users

Facebook reports strong results as millions move to mobile

The social media giant has this morning reported earnings of US$1.51 billion, or 52 cents per share, up from $512 million, or 18 cents per share, in the same period a year earlier. Adjusted earnings were 77 cents per share in the latest quarter, well above the 62 cents that analysts polled by FactSet were expecting.

Revenue was $5.38 billion, up from $3.54 billion. Analysts had forecast $5.26 billion.