Shares of Facebook rise to $99.50 from $94.50 after earnings
It's the company everyone hates to love. No one likes browsing their Facebook feed but the latest quarterly earnings prove that it's more popular (and profitable) than ever.
The company earned 79-cents in the fourth quarter, beating the 68-cent estimate. Revenues were also strong at $5.84B compared to $5.37B expected.
Shares trading more than 5% higher in the aftermarket.
The company had 1.59 billion monthly active users, which is a good portion of the 7 billion people alive. That was also a bit better than the 1.58B expected.
If you're reading this, there's a good chance you have Facebook. Do us a big favour and 'like' ForexLive on Facebook. With a few more likes, we'll hit 15,000.
