Facebook Up 18% Pre-Market – Business Insider

Steven Perlberg Jan. 30, 2014, 8:25 AM8,257 Email More Share on Tumblr Steve Jennings/Getty Images Following strong earnings growth, Facebook is up huge in pre-market trading. Earnings per share were at $0.31 ($0.27 estimated) while revenue was at $2.59 billion ($2.35 billion expected).Shares are launching up 18% pre-market.Mobile ad revenues paved the way for the earnings beat.”Facebook is basically a mobile company right now — a majority of its revenues come from mobile, not from the desktop product,” explained our Jim Edwards. “And the vast majority of its active users are mobile users.”The company is seeing upgrades across Wall Street today.Bank of America has a $64 price target on Facebook. “With better-than-expected 4Q revenues and expense commentary about in-…

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Following strong earnings growth, Facebook is up huge in pre-market trading. Earnings per share were at $0.31 ($0.27 estimated) while revenue was at $2.59 billion ($2.35 billion expected). Shares are launching up 18% …

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pre market trading – Google Blog Search

Facebook Up 18% Pre-Market – Business Insider

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