NEW YORK (
(FB - Get Report) was a massive gainer in premarket trading on Wednesday, following the company's
third-quarter results, released late on Tuesday.
The social networking phenomenon edged past Wall Street's top- and bottom-line estimates and indicated that the company's mobile strategy is progressing.
The results clearly resonated with investors, driving Facebook's shares up 26.41% to $24.65 in premarket trading. Facebook was also the most active pre-market Nasdaq stock on share volume of 24,720,811.
Shares of Facebook partner
(ZNGA - Get Report) were also boosted by the third-quarter results, rising 5% to $2.31 on share volume of 321,595.
(NFLX - Get Report)
shares, however, plunged 17.38% to $56.36 on share volume of 173,018 following the company's
, which saw weaker-than-expected U.S. streaming subscriber growth.
(AAPL - Get Report)
crept up 0.82% to $618.41 in premarket trading following the company's
iPad Mini launch
--Written by James Rogers in New York.
>To submit a news tip, send an email to:
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts