Facebook FB shares rose sharply higher Wednesday after the social-media giant beat revenue estimates for the first quarter although its earnings fell short.
Facebook reported revenue of $17.74 billion versus analyst estimates of $17.33 billion, while EPS of $1.71 missed an estimate of $1.74 a share. Shares were rising 10.5% to $214.61 in after-hours trading.
TheStreet and RealMoney's tech columnist, Eric Jhonsa, is breaking down the company's earnings report due out after the close, and its call with analysts that's scheduled to begin at 5:00 p.m. ET.