Facebook (FB) Dips on Earnings

Facebook Inc. FB shares dipped 1.7% to $95.36. The company was moving lower after the social media giant late Wednesday reported that its second-quarter earnings fell to $719 million, or 25 cents a share, from $791 million, or 30 cents a share, in the year-ago period. On an adjusted basis, Facebook would have earned 50 cents a share, better than 47 cents a share forecast by analysts. Revenue grew to $4.04 billion from $2.91 billion a year earlier. Share volume was 79.7 million, towering over an all-day average of 26 million