Why Facebook, Inc. Stock Jumped Thursday

Shares of Facebook (NASDAQ: FB) rose as much as 6% on Thursday, following the company's better-than-expected second-quarter earnings release. The stock is up about 5.3% as of 11 a.m. EDT.

Not only were Facebook's financial results better than analysts were expecting, but the company moderated its outlook for expense growth for the rest of the year.

Facebook CEO Mark Zuckerberg. Image source: Facebook.

Source: Fool.com