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.

Facebook CEO Mark Zuckerberg. Image source: Facebook.

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Source Fool.com