Top Stories
Top Stories
Market Insider

After-hours buzz: FB, GRPN, GPRO & more

Strong beat for Facebook

Check out the companies making headlines after the bell on Wednesday:

Shares of Facebook spiked more than 6 percent after hours to more than $131 per share. The stock's all-time closing high during regular hours is $121.92. The social networking company posted earnings of 97 cents per share on revenue of $6.44 billion in revenue in the second fiscal quarter. Analysts had expected 82 cents per share on revenues of $6.02 billion, according to a Thomson Reuters consensus estimate.

Facebook's main money stream, ad revenue, hit $6.24 billion, versus the $5.8 billion expected by analysts surveyed by StreetAccount. More specifically, mobile ad revenue was up 81 percent year-over-year, the company said.

Monthly active users hit 1.71 billion during the quarter, also topping the 1.69 billion estimate from StreetAccount. Daily active users hit 1.13 billion, above the 1.11 billion expected.

Shares of Groupon soared more than 25 percent in extended trading following the company's second-quarter earnings release. The local commerce marketplace reported a loss of 1 cent per share on revenue of $756 million, beating analysts' estimates of a loss of 2 cent per share on revenue of $711 million.

North American gross profits increased 10 percent year-over-year for a third consecutive quarter of double digit year-over-year growth.

Groupon also reported customer growth acceleration of nearly 1.1 million incremental active customers. The company increased its full year guidance to a range of $3 billion to $3.1 billion.