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Published on Jul 28, 2016
It
was another blowout quarter for Facebook and the social media giant is
just getting started. The company's second quarter earnings per share of
$0.97 beat estimates of $0.82, while sales of $6.44 billion topped the
$6.02 billion analysts had expected. Craig Erlam, a senior market
analyst at Oanda, based in London, is bullish on the stock and pointed
to a host of different growth levers the company has at its disposal,
including the potential for Facebook Live video advertising. TheStreet's
Scott Gamm reports from Wall Street.
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