Friday, July 27, 2012

Facebook second-quarter revenue increases 32 percent

In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in Bern May 19, 2012. Picture taken May 19, 2012. REUTERS/Thomas Hodel

(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)

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