The Traderszone Network

Published in TZ Latest News 28 January, 2015 by The TZ Newswire Staff

Facebook tops Wall Street revenue target in fourth quarter

Facebook Inc’s (FB.O) revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world’s largest Internet social network beat Wall Street’s targets for earnings and sales. Facebook shares fell about 2.6 percent in after-hours trade after vacillating above and below the closing price. Facebook’s business has boomed thanks to its mobile ads for smartphones and tablets.

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