As planned, in the fourth quarter of 2012 the company recognized revenue from four months of Payments transactions for accounting reasons detailed in our Form 10-Q filed on October 24, 2012.

ENGADGET: Facebook finishes 2012 on a high note: Q4 revenue $1.585 billion, $64 million in net income

Our gross margin estimates for Dec-Q and F2013 are now 39.3% and 40.6%, versus 38.7% and 40.3% previously.

FORBES: Apple Earnings: The Mother of All Reports