Facebook Inc. (FB) reported first quarter adjusted EPS of $0.12 after the bell Wednesday, which was flat with the prior year result. The consensus estimate was for EPS of $0.13. Revenue rose 38% to $1.46 billion from $1.06 billion last year. The consensus estimate was for revenue of $1.44 billion.
Facebook gapped up Thursday and advanced further during the early portion of the afternoon. The stock closed higher by 1.54 at $28.97 on above average volume. Facebook climbed to over a 2-month high.
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