Facebook second-quarter revenue increases 32 percent

(Reuters) - Facebook Inc's revenue grew 32 percent to $1.18 billion in the second quarter.

The world's No.1 online social network reported a net loss of $157 million, or 8 cents a share.

Excluding stock compensation charges, Facebook said it earned 12 cents a share.

(Reporting By Alexei Oreskovic; Editing by Bernard Orr)