Facebook Blows Away Earnings Estimates: Chart of the Day

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Facebook Blows Away Earnings Estimates: Chart of the Day

Facebook Blows Away Earnings Estimates: Chart of the Day
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Facebook Blows Away Earnings Estimates: Chart of the Day

by TheStreet 0:58 mins

Facebook's Wednesday earnings report blew away predictions, with monthly average users and daily average users each growing double digits year over year. Mark Zuckerberg's transition from a desktop business to a mobile company is taking roots, with more users now visiting the social network through hand held devices. Next, Zuck & Co. will work on integrating assets including Oculus, Instagram, and Whatsapp, and that means more potential to take over in the advertising arena. With shares up more than 175 percent over the last 12 months, Jim Cramer is still calling the stock an Action Alert Pick.

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