FB: Facebook flirts with $40 after ITG issues bullish forecast

Facebook flirts with $40 after ITG issues bullish forecast • 11:27 AM

• Facebook (FB +3.6%) has jumped to the $40 range after ITG Research states its checks indicate Q3 North American revenue could be as high as $920M (+44% Y/Y), easily surpassing an $878M consensus.
• Facebook posted Q2 North American revenue of $848M, +44% Y/Y and representing 47% of total revenue.
• The sell-side has been tripping over itself (I, II, III) to praise Facebook since the company's monster Q2 beat.

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FB price at time of publication: $39.94. Check FB price now »

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Transcripts on FB

• Facebook Inc. (FB) CEO Discusses Q2 2013 Results - Earnings Call Transcript
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