Keep up with
Newstalk ZB

Mon, 20 May 2013, 09:12

Have Your Say

Talkback 0800 80 10 80
Overseas +64 9 307 1080
Text 9292

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Sign Up

Site Search

Search Search

Select your region:

Facebook profits tumble, share price down

Share |

Facebook profits tumble, share price down

By: AAP | Business News | Thursday January 31 2013 12:45

 

Facebook has reported a sharp drop in profits from a year ago, prompting a fresh decline in the share price of the social network.

Facebook reported a profit of US$64 million ($76.5 million) in the fourth quarter, compared with US$302 million in the same period in 2011.

Revenue grew 40 per cent to $US1.585 billion.

The results triggered a five per cent slide in shares in after-hours trade.

Photo: Getty Images

 

Related Subjects

 

Business News

Advertisement
Mike Hosking Breakfast
Advertisement

  • Australia looks at different ways of fighting obes ...

  • Train derails at Wellington Junction

  • Road development key to Port's future, says CEO

  • Google boss defends British tax affairs

  • Packed to the Rafters star in horror crash

  • World Inflammatory Bowel Disease Day

  • Penguin deaths could harm eco-tourism

  • Kiwifruit growers conduct own inquiry

Latest Newstalk ZB Video

  • Monday-Exasperation Point

  • Monday-Australians Taking Our ...

  • Billy Harris: parents should k ...

  • Megan Singleton: Western Austr ...

  • Friday-Budget Passion

  • Thursday-Topless Research

  • Wednesday-Gilmore So Gone

  • Tuesday-Unconventional Centre

National Convention Centre

Do you support the Government's deal with SkyCity over the National Convention Centre

Vote Now

View Results

Advertisement

  • Paper Plus
  • ZB App ad
  • Awesome Service
  • Advertise With Us
  • Roger Advice
  • Radius Care