In after-hours trading today, investors rewarded Facebook with a rising share price after it reported stronger than expected revenue.
The company reported that it earned $0.31 per share, and had revenue in the quarter of $2.59 billion. As reported earlier, the analyst set had predicted that Facebook would earn $0.27 on revenue of $2.33 billion. The earnings beat sent the company’s stock up 5 percent in moments.
Facebook has since risen more than $6 per share, and is still up more than 12 percent in after-hours trading.
The company briefly passed the $60 mark in its post earnings frenzy, though it has since ceded back ground and fallen below the mark. According to Google Finance, before today, Facebook’s 52 week high was $59.31. Given Facebook’s prior ranges outside of that period, we can assert that Facebook traded over the $60 per share threshold in its history.
Essentially Facebook has never been more richly valued than it…
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