Why Facebook Stock Jumped Thursday
Shares of Facebook (NASDAQ: FB) rose as much as 5.2% on Thursday as investors digested the social network's strong third-quarter update. As of 12:37 p.m. EDT, however, shares were up only 2.1%.
Investors' optimism for the tech stock on Thursday wasn't surprising. The company crushed analyst estimates for its third-quarter revenue and earnings per share.
Source Fool.com