Thursday, January 31, 2013

Facebook Reports 4Q'12 Results

Facebook (FB) reported 4Q'12 results after the market closed yesterday (02013.01.30). Today, FB opened down ~6.1% at $29.15. It appears as though Facebook exceeded expectations, but they did not exceed the exceeded expectations. My favorite headline seen so far comes from Minyanville.com: "Stock Downgrades: Facebook Defriended All Over Wall Street". I came up with my own headline: "Wall Street to Facebook: Where's the Dislike Button?"

FB closed yesterday (02013.01.30) at $31.24. 52-week range: $17.55 - $45.00.

[update::02013.01.31] FB closed at $30.98, down 0.83% for the day. Volume was 3-times the trailing-three-month average. Intra-day low as $28.74.

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