Facebook Trades North Of $60 For The First Time

TechCrunch

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.

Screen Shot 2014-01-29 at 5.37.25 PM

Essentially Facebook has never been more richly valued than it…

View original post 82 more words

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