FB: Facebook Rallies On Impressive Results

Facebook Rallies On Impressive Results
by Bill Maurer

On Tuesday afternoon, Facebook (FB) reported its fiscal third quarter earnings. The company beat on both the top and bottom line, and some internal numbers appeared to be very good. That sent shares soaring on Wednesday, finishing the day up 19%. With Facebook shares having their best day since going public, the entire space rallied, something that hasn't happened much. After this report, analysts seemed very willing to jump on the Facebook train, and investors may not be as concerned now about upcoming lockup expirations. read more »

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