[Updates with share-price reversal at bottom of story.]
Facebook(FB) this afternoon reported Q2 revenue and profit that topped analysts’ expectations, but still saw its shares fall initially in late trading.
Revenue in the three months ended in June rose 45%, year over year, to $9.32 billion, yielding EPS of $1.32.
Analysts had been modeling $9.19 billion and $1.12.
advertising revenue was 87% of its total ad revenue, it said, up from 84% a year earlier.
CEO and founder Mark Zuckerbergcalled it a “good second quarter,” adding “Our community is now two billion people and we’re focusing on bringing the world closer together.”
Facebook’s ” daily active users
” rose 17%, year over year, to 1.32 billion, while monthly user count was also up 17%, at 2.01 billion.
The company’s operating profit margin rose to 47% from 42%.
Facebook stock is off $3.21, or 2%, at $162.38.
Update: The stock has staged a small turnaround, now up 69 cents at $166.30.