Facebook may have beat earnings estimates and surpassed 1 billion users, but investors are still unsure about the company’s ability to grow profits.
The company reported fourth quarter earnings of 17 cents a share, excluding certain items, beating analyst estimates of 15 cents a share. Revenues were $1.59 billion, compared with analyst estimates of $1.52 billion. Revenue was helped by higher targeted advertisements to its users.
The social network also reported 1.06 billion monthly active users and 618 million [...]