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Facebook to release highly anticipated earnings report

11:54 AM, Jan 30, 2013   |    comments
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(CNN) - Facebook will release its highly anticipated fourth quarter earnings report Wednesday after the close of trading on Wall Street.

Analysts believe the social media giant is gaining momentum with its mobile ad business.

In October, Facebook revealed that 14 percent of its third-quarter ad revenue, about $152 million, came from mobile.

Facebook shares have risen after a disappointing initial public offering last May and several rocky months that followed.

CNN

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