Facebook Inc. (Nasdaq: FB) soundly beat earnings expectations for the second quarter. In a report released Wednesday afternoon, the social media heavyweight disclosed earnings per share of $1.32, compared to an expected $1.13. Revenue beat estimates by 1.3%, and the platform now boasts more than 2 billion monthly users.
Facebook stock surged nearly 5% in early trading on Thursday and now sits at an all-time high of $173.32. FB shares are up more than 50% in 2017.
With the wind at Facebook's back, can it keep the hot streak going? Money Morning Capital Wave Strategist Shah Gilani joined FOX Business Network's "Making Money" Wednesday night to tell us what to expect.
Shah also discusses the VIX "fear index" hitting a record low.
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