Wednesday, October 24, 2012

Facebook stock pops 21% as ad sales surge

 
Facebook's second earnings report as a public company came in just above Wall Street estimates, but that was enough for investors to give shares a nice boost.
The social network late Tuesday reported sales of nearly $1.3 billion for its third quarter, up 24% from the same period last year.
Facebook's shares fell 3% just after the announcement, but quickly boomeranged to rise more than 21% in early trading Wednesday.

No comments:

Post a Comment