Facebook stock traded lower Wednesday after the company forecast higher costs ahead, but one trader said that increased spending was a positive.
The social media giant posted earnings of 43 cents per share on $3.20 billion in revenue, beating Wall Street estimates for 40 cents and $3.12 billion in revenue. But shares of Facebook sold off as much as 10 percent after guiding for higher costs.
On CNBC's "Halftime Report," Mike Murphy of Rosecliff Capital said that more spending has led to "good results."
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