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Why Facebook Stock Jumped 27.2% in January

Keith Noonan, The Motley FoolMotley FoolFebruary 11, 2019, 4:21 PM GMT. What happened. Facebook published its earnings results after market close on Jan. 30, with sales for the period climbing 30% year over year to reach $16.9 billion and earnings per share up 65% to reach $2.38 -- thanks in part to a substantially lower tax rate and the company's stock buybacks. Investors had become less optimistic about Facebook's outlook on the heels of decelerating growth and a series of user privacy and data mining scandals, but the strong fourth-quarter results did a lot to restore excitement surrounding the company. The company estimates that some 2.7 billion people use Facebook, Instagram, Messenger, and WhatsApp on a monthly basis and more than 2 billion people use at least one of its services daily.

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Why Facebook Stock Jumped 27.2% in January

Published on 11/02/2019 04:21 by: