Facebook surpasses 4Q expectations

Updated: Wednesday, January 30 2013, 07:29 PM EST
Facebook surpasses 4Q expectations story image
(NEWSCHANNEL 3) - The wait is over.

Facebook's highly anticipated 4th quarter earnings are out, and the social media site beat expectations across the board.

Revenue acceleration continued in the fourth quarter, growing 40 percent, up from 32.8 percent growth last quarter.

It's operating profit margin expanded, and the number of mobile daily active users exceeded desktop daily active users for the first time last quarter.

Even with great numbers, its stock still ended down two percent.
Facebook surpasses 4Q expectations
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WASHINGTON (AP) -- While the minutes from the Federal Reserve's regular policy meetings can be a ho-hum affair, the mood is different this time.

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WASHINGTON (AP) -- Volkswagen's top U.S. executive apologized today as the emissions-rigging scandal engulfing the world's largest automaker deepened.

Volkswagen of America CEO Michael Horn made the apology as he testified before a House subcommittee.

Calling his company's admission "deeply troubling," Horn said, "We have broken the trust of our customers, dealerships, and employees, as well as the public and regulators."

Even so, Horn distanced himself from the company's behavior, saying he felt personally deceived by actions he said were taken by unknown individuals.

Lawmakers were skeptical of the explanation from Horn, who testified that three unidentified employees had been suspended since the EPA announced Sept. 18 that VW rigged its diesel cars to bypass U.S. emissions standards for clean air.


DETROIT (AP) -- General Motors is telling owners of some SUVs not to use their windshield wipers because an electrical short could cause the wiper motor to catch fire.

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Washington Times