Impressive quarterly earnings from Facebook did little to keep analysts at bay or placate bearish investors, all of whom appeared broadly negative on its stock in early Thursday trading.
The company topped Wall Street's expectations by posting earnings of 17 cents per share, on revenue of $1.59 billion last quarter. Mobile revenue — the holy grail of most technology giants looking to earn money from smartphone and tablet users — also surged during the quarter.
Yet that — and Facebook's declaration of itself as a "mobile company" as smartphone and tablet users exceeded those using the web — wasn't enough to prevent analysts from damning Facebook's bottom line with faint praise.