Facebook sales jump, beating estimates

SAN FRANCISCO (MarketWatch) - Facebook Inc. on Wednesday reported a first-quarter profit of $219 million, or 9 cents a share, compared with a profit of 205 million, or 9 cents a share, for the year-earlier period. Revenue rose to $1.46 billion from $1.06 billion. Adjusted profit was 12 cents a share. Analysts polled by FactSet on average were expecting the social network to report a profit of 12 cents a share on revenue of $1.44 billion. Mobile ad revenue now 30% of total advertising revenue. Facebook shares were down about 1.6% in after-hours trading.

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