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January 30, 2013

Facebook Beats Earnings Estimates But Costs Rise

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 [...]

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