Facebook fell in late trading yesterday after its first earnings report as a public company showed a slower sales gain and narrower profit margins, failing to allay concerns over growth that have dragged down shares.
Operating margin, excluding certain costs, was 43 per cent in the second quarter, a decline from 53 percent a year earlier, amid a fourfold surge in sales and marketing expenses, California-based Facebook said in a statement yesterday.
Revenue rose 32 per cent,...
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