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Facebook Inc. (FB - Free Report) just released its second quarter fiscal 2017 financial results, posting diluted earnings of $1.32 per share and revenues of $9.32 billion. Currently, FB is a #2 (Buy) on the Zacks Rank, and is up 0.16% to $165.79 per share in trading shortly after its earnings report was released.

Facebook:

Beat earnings estimates. The company posted diluted earnings of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.13 per share and increasing 69% year-over-year. Net income was 3.89 billion for the quarter.

Beat revenue estimates. The company saw total revenue figures of $9.32 billion, topping our consensus estimate of $9.17 billion and growing 45% year-over-year. Revenues from advertising were $9.16 billion.

Mobile advertising revenue represented roughly 87% of advertising revenue in Q2, up from approximately 84% of advertising revenue in the second quarter of 2016.

Daily active users (DAUs) came in at 1.32 billion for June 2017, an increase of 17% year-over-year, while monthly active users (MAUs) were 2.01 billion as of June 30, 2017, reflecting an increase of 17% year-over-year.

"We had a good second quarter and first half of the year," said Mark Zuckerberg, Facebook founder and CEO. "Our community is now two billion people and we're focusing on bringing the world closer together."

Here’s a graph that looks at Facebook’s price, consensus, and EPS surprise:

Facebook, Inc. Price, Consensus and EPS Surprise

Facebook, Inc. Price, Consensus and EPS Surprise | Facebook, Inc. Quote

Facebook Inc. operates a social networking website worldwide. The Company's products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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