Why Facebook, Inc. Stock Popped 15% in July

Shares of Facebook Inc.(NASDAQ: FB) climbed 12.1% in the month of July, according to data provided by S&P Global Market Intelligence, after the social media giant announced strong second-quarter 2017 results.

More specifically, Facebook's revenue climbed an incredible 45% year over year to $9.3 billion, 98% of which came from its advertising business. On the bottom line, net income rose 71% to $3.9 billion, and net income per share increased 69% to $1.32. Analysts, on average, were only expecting Facebook to deliver earnings of $1.12 per share.

IMAGE SOURCE: FACEBOOK.

Source: Fool.com