Facebook Surges To Record High After Smashing Expectations On 1.86 Billion Monthly Users
So much for worries about tech companies rolling over.
After yesterday's AAPL beat which nonetheless resulted in one of the biggest intraday jumps in its stock in history, sending it highest over 6% today, moments ago Facebook reported results which crushed expectations, and have sent the company higher as much as 3%. The street was expecting $8.81 billion in revenue and EPS of $1.34. Instead it got revenue of $8.81 billion, a 51% increase from 2015 - 84% of which came from mobile - and EPS of $1.44, a 78% increase.