After Bad Day For Market, Facebook's Revenue Rise Boosts Stock | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

After Bad Day For Market, Facebook's Revenue Rise Boosts Stock

Wall Street's bad day — the Dow Jones industrial average fell more than 240 points (1.8 percent) — has been followed by something unusual these days: good news about Facebook's shares.

The social media giant's stock is up about 10 percent in "after-hours" trading, to more than $21, because it just reported an increase in third-quarter revenue, to $1.3 billion from about $950 million in third-quarter 2011. The revenue was also about $300 million greater than analysts had been forecasting, Bloomberg News says.

What's more, as The Wall Street Journal notes, while the company "posted a loss of $59 million, or 2 cents a share," that was about $300 million better than expected.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Fresh Air Weekend: Toni Morrison, Ross Macdonald's Crime Fiction, Will Forte

Nobel laureate Morrison reflects on her life and her regrets; Maureen Corrigan reviews a reissue of four of Macdonald's 1950s novels; SNL alum Forte discusses comedy and Bruce Dern's acting advice.
NPR

PepsiCo Swaps Diet Drink's Aspartame For Other Artificial Sweeteners

The company says Diet Pepsi consumers are concerned about aspartame. But the Food and Drug Administration has long affirmed that the sweetener is safe in amounts commonly used by beverage companies.
NPR

Surgeon General Vivek Murthy On Gun Control, Vaccines And Science

Surgeon General Vivek Murthy was officially sworn in this week. His confirmation was held up for more than a year because of comments he made about gun violence. Murthy talks with NPR's Scott Simon.
NPR

As Health Apps Hop On The Apple Watch, Privacy Will Be Key

The notion of receiving nutrition advice from artificial intelligence on your wrist may seem like science fiction. But health developers are betting this kind of behavior will become the norm.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.