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Facebook Shares Are Going Ballistic - Stock Is Up 15%

Jay YarowOct 31, 2013, 01:41 IST

Facebook just delivered strong earnings and the market is reacting.

The stock is up 15% in after-hours trading after Facebook beat on the top and bottom line, posting healthy growth.

EPS was $0.25 versus expectations of $0.19. Revenue was $2.02 billion versus expectations of $1.91 billion.

Monthly active mobile users was up 45% on a year-over-year basis, and mobile ad revenue was up 49%.

Reuters/Robert Galbraith