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Facebook surpasses 4Q expectations
(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.