Facebook Inc. shares were down in late trading, after the company reported fourth-quarter earnings that beat Street estimates.
Facebook earned $64 million, or 3 cents a share (17 cents non-GAAP), on revenue of $1.59 billion.
Street consensus was for earnings of 3 cents a share (15 cents, non-GAAP), on sales of $1.51 billion. A year ago, the company earned 13 cents a share on sales of $1.13 billion.
Regardless, shares are down in late trading; they fell as much as 10% initially, and are more recently down about 4.1% at $30.00, amid very heavy volume.