Facebook?s First Post-IPO Earnings, In Line With Estimates: Q2 Revenue $1.18 Billion, $295 Million Net Income

If you keep tabs on tech news, financial news, or simply haven't been living on a deserted island, you may have noticed that Facebook held an initial public offering of its stock and started trading on the NASDAQ stock exchange a few months ago. This afternoon, its shareholders got their first official update on how things have been going for the social network since its much-buzzed-about initial public offering. Facebook today announced its financial results from the second fiscal quarter of 2012, which has been its first quarter as a publicly-traded company. The company took in $295 million in non-GAAP net income on $1.18 billion of top-line revenue during Q2. That translates to $0.12 earnings per share (EPS), in line with the mean of analysts' estimates for the quarter.

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