Facebook stock climbed to an all-time high as it once again sailed past
Wall Street’s expectations in its second quarterly earnings report of
the year. The social network pulled in $2.9 billion in revenue for the
quarter, beating analysts’ estimates of $2.8 billion.
generated a profit of $791 million. Earnings minus some line items were
42 cents per share, blowing past estimates of 32 cents per share.
Facebook shares were priced above $74 in after-hours trading.