Facebook Inc (FB) Earnings In Line, Stock Leaps

Facebook Inc (NASDAQ:FB) released its earnings report for the first three months of 2013 this afternoon, Wednesday, May 1, after the market closed. The company revealed that it earned $0.12 per share in the first three months of the year, on revenue of $1.46 Billion. On today's market, Facebook Inc (NASDAQ:FB) stock trended down, closing at $27.43 per share.

In the run up to the release of this report, analysts following the social networking firm were looking for earnings per share of 13 cents, on revenue of $1.4 billion. In the first three months of...