Facebook has just reported its financial results for both its fiscal 2013 Q4 and full year, which ended on December 31, 2013. As many of us expected, the company was able to deliver numbers that beat consensus analyst estimates, giving the stock a small boost ahead of the company's formal earnings call, taking place this evening at 5:00 pm EST. We'll report back in detail in the morning, but let's take a look at the relevant numbers here.
For the full year the relevant details are as follows:
Specifically for fiscal Q4 2013 the numbers look as follows:
GAAP net income was $523 million - for fiscal Q4 2012 net income was only $64 million. Drilling down to the bare essentials Facebook delivers fiscal Q4 2013 earnings per share of $0.31, beating consensus analyst estimates by a solid $0.04 per share. For the same quarter total revenue was $2.58 billion, up a whopping 63.3 percent from fiscal Q4 2012. Facebook beat consensus analyst estimates by $250M.
GAAP operating margin was 44 percent for Q4 2013, significantly better than the 33 percent the company recorded in Q4 2012. For the end of the full fiscal year Facebook ended up with marketable securities of $11.45 billion - also a solid and substantial number.
There isn't much to dissect here. The numbers reflect that Facebook is both rapidly evolving and moving in the right directions. In fact the numbers demonstrate that the year's run up on the stock, from $19 per share 6 months ago to just over $56 per share as we write is entirely justifiable based on the company's financial performance.
We'll have details from the earnings call in the morning, but from what we see here it should be a generally happy call free of any hand wringing.
TechZone360 Senior Editor
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