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Facebook revenue soars 61% in quarter

Smartphone, tablet ads push social media giant’s sales to $2.91 billion

Posted: July 24, 2014 at 1:58 a.m.

In this June 11, 2014 photo, a man walks past a Facebook logo in an office on the Facebook campus in Menlo Park, Calif. Facebook reports quarterly financial results on Wednesday, July 23, 2014.(AP Photo/Jeff Chiu)

Facebook Inc. said Wednesday that revenue surged 61 percent in the second quarter, fueled by mobile advertising, sending the company's stock up in extended trading past its all-time closing high.

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