Did Facebook Become A 'Buy' After A Successful Quarter?
by Jacob Steinberg
Facebook (FB) is one of the most widely followed stocks in the world. Ever since its IPO, the company's share price saw a lot of volatility. On Wednesday evening, the company announced its results for the last quarter, which amazed many investors. Facebook reported a net income of 19 cents per share on revenue of $1.81 billion, whereas analysts were looking for 14 cents per share on $1.61 billion in revenues. Clearly, Facebook had a much better quarter than people were expecting it to. read more »
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