NEW YORK (TheStreet) -- Facebook  (FB) - Get Report  stock is climbing in after-hours trading on Wednesday, after the company reported a 2016 second quarter earnings beat, for which Northstar Asset Management CEO Julie Goodridge said the social media giant is a "game changer" on CNBC's "Closing Bell" this afternoon.

Goodridge sees a "lot more room" for mobile advertising growth moving forward.

However, she remains concerned about the "attitude of top level management, specifically Mark Zuckerberg."

Facebook reported second quarter earnings of 97 cents per share on revenue of $6.44 billion, after the close today, beating analysts' expectations for earnings of 82 cents a share on $6.02 billion in revenue.

Shares of Facebook are soaring by 6.82% to $131.72 in after-hours trading.

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Separately, TheStreet Ratings rated Facebook as a "buy" with a score of B+.

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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

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