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Facebook beats revenue expectations
Facebook beats revenue expectations

Facebook has reported stronger-than-expected revenue in the company's first earnings report since its rocky initial public offering two months ago, offering some reprieve to worried investors.

Facebook said overnight it booked a net loss of $US157 million ($A152 million), or 8 cents per share in the April-June period, mainly due to stock compensation expenses following its IPO.

That compares with earnings of $US240 million, or 11 cents per share, in the second quarter a year ago.

Revenue grew 32 per cent to $US1.18 billion from $US895 million a year ago.

Adjusted earnings of $US295 million, or 12 cents per share, matched Wall Street's expectations.

Analysts, on average had expected slightly lower revenue of $US1.16 billion, according to FactSet.

Facebook's stock fell 5.5 per cent to $US25.37 in after-hours trading.