Stocks to Watch: Facebook, GM, Visa, AIG
NEW YORK -- Facebook
Facebook earned 12 cents a share in the quarter on revenue of $1.46 billion, an increase of 38% year over year, led by strength in mobile advertising, which accounted for 30% of total advertising revenue.
Facebook was forecast by analysts to earn 13 cents a share on a non-GAAP basis, with revenue coming in at $1.44 billion.
Mobile users continued to grow, and mobile monthly active users (MAUs) grew to 751 million, with total daily active users reaching 1.1 billion.
GM said sales in April rose 11% to 237,646, its best April since 2007.
Revenue rose nearly 15% to $2.96 billion.
Visa said credit card transactions processed over its network totaled $13.9 billion, an increase of 6% from a year earlier.
Royal Dutch Shell
The oil giant also announced CEO Peter Voser, 54, would step down in early 2014; a search for a new CEO is underway.
-- Written by Joseph Woelfel
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