Wednesday, July 24, 2013

Facebook Beats Expectations on Strong Mobile Growth - NYTimes.com

At this rate, Facebook may even get back to its IPO day price before long...
"Facebook, the world’s largest social networking site, reported strong second-quarter revenue and profit on Wednesday, blowing past Wall Street’s expecations [sic] and sending the stock up about 20 percent in after-hours trading.
The company said it had net income of $333 milion [sic], or 13 cents a share. Excluding stock-based compensation expenses, profits were $488 million or 19 cents a share, compared to 12 cents a share in the second quarter a year ago. Revenue soared 53 percent to $1.8 billion."
p.s. two obvious typos in the first two paragraphs of a NYT story -- apparently not all the news that's fit to edit...

Facebook Beats Expectations on Strong Mobile Growth - NYTimes.com

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