#Facebook Posts Better Than Expected Q3 Earnings, Stock Up

Wall Street investors seem to happy with yesterday’s 3rd quarter earnings statement from Facebook. According to Don Reisinger writing for CNet , “The social network’s shares have soared in early trading today, jumping 23 percent to nearly $24. Facebook closed the day yesterday at $19.50. Investors are responding favorably to Facebook’s better-than-expected third-quarter earnings report that came out yesterday. The company revealed that its adjusted earnings per share hit 12 cents during the period that ended September 30, beating analyst estimates by a penny. Facebook’s revenue rose 32 percent over the same period last year to end the quarter at $1.26 billion.”

Full article: http://www.searchenginejournal.com/facebook-posts-better-...

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