Facebook Inc. (FB) Is Falling After Q2 Revenues Disappoint

Facebook Inc. (FB) reported second quarter EPS of $1.74 after the bell Wednesday, compared to $1.32 a year ago. Revenues rose 42.0% to $13.23 billion from $9.32 billion last year. Analysts expected EPS of $1.72 and revenues of $13.36 billion. The stock is now down 16.32 on 4.5 million shares.

Facebook climbed around midday Wednesday and finished with a gain of 2.83 at $217.50. The stock rose to a new high for the year.

by RTTNews Staff Writer

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