Updated Jul. 24, 2014 at 6:58 a.m.

Premium Lock Facebook investors like this news: Profits send stock toward new record

Published: 2014-07-23 16:48:00
Updated: 2014-07-24 06:58:16

Earnings    Earnings
Tags: Facebook

Facebook on Wednesday reported profit that more than doubled in its second quarter, and topped analysts' expectations. The company's shares climbed nearly 4 percent in extended trading after the results came out, signaling that they could hit a record high when the stock market opens on Thursday. Investors who bought -- and held on to -- Facebook stock during the company's initial public offering two years ago are now close to doubling their money....

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