Thursday, May 2, 2013

Facebook (FB) Reports 1Q'13 Results

Facebook (FB) reported 1Q'13 results after the market closed yesterday. FB closed yesterday at $27.43. At 9:39am EDT on 02013.05.02, FB was at $28.41, up ~3.6% in the first ten minutes of trading. 52-week range: $17.55 - $45.00. I guess investors considered Facebook's 1Q'13 results acceptable. A couple of items I noticed from Facebook's 1Q'13 press release: (1) Effective tax rate was 38%. (2) The company has $9.5 billion in cash.

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