Friday, November 6, 2015

Facebook flies over $ 300 billion and more than General Electric – Reuters

          

Facebook has confirmed at the sitting of Thursday, rally recorded in premarket and closed with an increase of 4.64% on Wall Street to nearly 308 billion dollars of capitalization. For the social network Mark Zuckerberg break through 300 billion share means not only exceed the value of an industrial giant such as General Electric (which closed Thursday’s sitting just under $ 400 million below the threshold), but also win seventh place among the most highly capitalized companies in the S & amp; P 500. If the race will not stop now Facebook will compete with Amazon, which capitalizes little more having recently also exceeded 300 billion, but especially with Berkshire Hathaway’s Warren Buffet worth 336.5 billion at the NYSE. To push the courses were results for the third quarter very solid. In the three months Facebook has seen earnings per share to 57 cents, compared with $ 4.5 billion in revenues. These results are compared with profit of 52 cents and revenue of 4.37 billion consensus Thomson Reuters. The most important, however, are revenues from advertising, which rose 45% in the quarter to $ 4.3 billion, and the monthly unique users, up 14% from a year earlier to reach 1.55 billion account. Better than expected turned out to be also the unique users: 1.01 billion against 992 million estimated by analysts. And Facebook has closed the Wednesday session with a 1.33% growth (33% year to date), for a market capitalization of 293 billion dollars.

(RR)

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