Facebook's Stock Blasts To A New All-Time High

Facebook’s stock is up 5.6% in this morning as investors react to last night’s earnings report.

That puts the stock above $US75 for a new all-time high.

Facebook delivered $2.91 billion in revenue, up 61% year-over-year, beating expectations of $US2.81 billion. EPS was $US0.42, up 121% year-over-year, and well ahead of expectations of $US0.32.

Facebook’s operating margins hit 59%, an all-time high, which helped fuel the profit growth.

And then there’s the future. Facebook has Instagram, WhatsApp, Messages, Oculus, and much more to fuel its growth in the long run.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.