Ron Burgundy Posted April 28, 2016 Share Posted April 28, 2016 After underwhelming results from Apple Inc , Google Inc and other big tech names, investors finally found a friend in Facebook Inc after the company shredded Wall Street's forecasts for revenue, profit and user growth. Facebook's shares jumped 11 percent to a record high of $120 in early trading on Thursday, giving a $30 billion boost to the social networking company's market value. "FB remains in a class by itself across the combination of scale, growth, and profitability," J.P. Morgan Securities analyst Doug Anmuth said in a research note. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.