Huge quarter for Facebook lifts shares

Facebook on Wednesday reported a huge quarterly profit jump fueled by strong growth in revenues and its global user base, powering shares higher for the top social network. Net profit leapt 186 percent from a year ago to $2.05 billion in the second quarter, as Facebook blew past most analyst forecasts. With its global base of monthly active users growing to 1.7 billion, Facebook saw a 59 percent jump in total revenues to $6.4 billion, mostly from online advertising.