The company's shares jumped to more than $62 on Thursday as pent-up demand for its has been let free since yesterday's earnings report. January 30, 2014 7:28 AM PST Facebook has hit a new high on Thursday after posting better-than-expected results during the fourth quarter of 2013. In early trading on Thursday, Facebook shares jumped to $62.28, a new 52-week high for the company's shares. As of this writing, Facebook's stock has cooled off a bit to $61.19 -- a 14 percent gain. The strong showing this morning is largely the result of Facebook's strong performance last year. Facebook said on Wednesday that it generated $7.9 billion revenue last year, up from the $5.1 billion the company tallied in 2012. Facebook also grew its profits from $53 million to $1.5 billion. Facebook's soaring shares has helped the company's value jump significantly. As of this writing, Facebook is valued at $150 billion.
The company's shares jumped to more than $62 on Thursday as pent-up demand for its has been let free since yesterday's earnings report.
Facebook has hit a new high on Thursday after posting better-than-expected results during the fourth quarter of 2013.
In early trading on Thursday, Facebook shares jumped to $62.28, a new 52-week high for the company's shares. As of this writing, Facebook's stock has cooled off a bit to $61.19 -- a 14 percent gain.
The strong showing this morning is largely the result of Facebook's strong performance last year. Facebook said on Wednesday that it generated $7.9 billion revenue last year, up from the $5.1 billion the company tallied in 2012. Facebook also grew its profits from $53 million to $1.5 billion.
Facebook's soaring shares has helped the company's value jump significantly. As of this writing, Facebook is valued at $150 billion.
