Revenue surged to $2.91 billion from $1.81 billion in the same period one year earlier to beat the consensus estimate of $2.81 billion. Profit rose year over year to $791 million, or 30 cents a share, from $333 million, or 13 cents a share. Net income excluding items was 42 cents a share, which beat analysts' expectations of 32 cents a share.
The stock was up 0.71% to $75.51 at 10:12 a.m.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, TheStreet Ratings team rates FACEBOOK INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation." You can view the full analysis from the report here: FB Ratings Report FB data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.