Wednesday January 30, 2013

Facebook Beats Wall Street Estimates

Facebook's fourth quarter earnings were better than expected. Are things starting to look up for the social network?

Wall Street anticipated $1.53 billion in revenue and earnings per share of $0.15. Investors and analysts have been eager to see how much more the social network can milk from its nascent mobile ad business, as well as hear about the revenue potential for Graph Search, Facebook's structured search experience for finding people, places, photos, and interests.

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