INQUIRER.net: Facebook stock soars after Q2 results beat estimates

INQUIRER.net Philippine News for Filipinos

Facebook stock soars after Q2 results beat estimates Jul 25th 2013, 00:42 SAN FRANCISCO—Facebook's stock is flying high after the world's biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reversed a loss a year earlier.   The results, which come in the heels of weaker-than-expected results from online search leader Google Inc., signal that Facebook's aggressive push into the mobile advertising market continues to pay off. The company began showing mobile advertisements for the first time last spring. On Wednesday, Facebook said mobile ads accounted for 41 percent of its total advertising revenue.   The Menlo Park, California-based company's stock jumped $4.93, or 18.6 per... Keep on reading: Facebook stock soars after Q2 results beat estimates Media files: Facebook-Headquarters.jpg (image/jpeg)

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