NEW YORK (CNNMoney)
Facebook shares soared 25% Thursday, the morning after it posted strong results and said its mobile ad business continues to gain traction.
Facebook reported second-quarter revenue of $1.8 billion Wednesday, exceeding analysts' expectations of $1.6 billion.
Net income rose to $333 million, compared to a loss of $157 million a year ago.
The stock jumped to more than $33 per share in early trading, a price not reached since January. Facebook's stock has never returned to its May 2012 IPO price of $38 per share.