Wall Street’s Happy: Facebook Climbs Nearly 10% In After-Hours Trading

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http://techcrunch.com – Stoked by a bump in advertising revenues and increasing evidence that Facebook is making money from users on mobile devices, Wall Street investors sent shares of the company up by 9.8 percent in after-hours trading. Facebook is trading at $21.39, up from today’s close of $19.49. Facebook posted third quarter revenue of $1.26 billion, up nearly seven percent from last quarter’s revenue of $1.18 billion and up 32 percent from the $954 million in revenue it posted a year earlier. A bright spot came in advertising revenue, where the company made $1.09 billion this past quarter, a 36 p (IT news)