NEW YORK ( TheStreet) -- Facebook (FB) reports fourth-quarter results after Wednesday's closing bell, and all eyes will be on whether the company can continue the trend of making money from mobile or if that was just a one-time event.
Last quarter, Facebook surprised Wall Street analysts and journalists, as it generated significant revenue from its mobile efforts, which was a big question mark going into the quarter.
Since those results in late October, Facebook shares have been on a tear, gaining nearly 60%. They have drastically outperformed the Nasdaq, which is up just 4.53% in the same time frame.
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