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5/12/2015: Facebook Inc. (Nasdaq: FB) posted its slowest quarterly revenue growth in two years, falling short of Wall Street forecasts. However, the company announced the number of monthly active users rose 13 percent to 1.44 billion from a year earlier, larger than the population of China.
Facebook turned in first-quarter net income of $673.05 million, or earnings per share of $0.23, on revenue of $3.54 billion, compared with a profit of $642 million, or earnings per share of $0.25, on revenue of $2.5 billion. The company was forecast to report first-quarter net income of $509.81 million or earnings per share of $0.18, on revenue of $3.56 billion, according to analysts polled by Thomson Reuters.
Facebook's stock has rallied more than 45 percent in the last 12 months.