Wall Street had field days July 27 and 28 with most of its tech titans exceeding expectations–results that were enough to send most of these companies’ stocks to record highs.
The two stars of the show were Facebook and Google, which had better than expected results. For the second quarter of 2016, Facebook reported revenue of $6.4 billion and net income of $2.05 billion. Google reported revenue of $21.5 billion and net income of $4.88 billion.
Facebook is still having a stellar growth while its Silicon Valley rivals are underperforming.
