The One Reason Facebook’s Stock Just Skyrocketed

Alex Fitzpatrick, Time: Business
Wed, 04/27/2016 - 2:28pm

Facebook’s stock is up nearly 9% in after-hours trading Wednesday after the company’s first quarter results obliterated analysts’ expectations. Facebook posted adjusted earnings of $.77 per share on revenue of roughly $5.38 billion for the quarter. Analysts expected earnings of $.62 per share and $5.26 billion in revenues, per CNBC. How is Facebook making all that money?

Topics: cnbc advertising facebookfacebook revenue q1 that s facebook s facebookfacebook monthly-only maus facebook mobile billion devices quarter share ads analysts big company earnings

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The One Reason Facebook’s Stock Just Skyrocketed

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