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Why Facebook, Inc. Stock Popped 15% in July | Business Markets and Stocks News

What happened

More specifically, Facebook’s revenue climbed an incredible 45% year over year to $9.3 billion, 98% of which came from its advertising business. On the bottom line, net income rose 71% to $3.9 billion, and net income per share increased 69% to $1.32. Analysts, on average, were only expecting Facebook to deliver earnings of $1.12 per share.

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