Kinahan: Q1 To Move Facebook Inc. More Than 5%

Facebook Inc.

will move a bit more than 5 percent on its upcoming first-quarter earnings report, JJ Kinahan told Benzinga Kinahan, chief strategist at TD Ameritrades, made the prediction based on recent Facebook trading in the options market. The social media giant's shares gained $0.77 cents recently, trading at $84.44. Facebook shares are up 8.7 percent during the past three months. Facebook, slated to post results after the bell Wednesday, is expected to report a 20 percent increase in first-quarter adjusted earnings to $0.41 cents a share. Revenue is expected to have grown more than 40 percent to $3.56 billion. Facebook, which went public in 2012 has seen an 8.3 percent average post-earnings move over the last eight quarters, The Wall Street Journal reported Wednesday. http://blogs.wsj.com/moneybeat/2015/04/22/options-traders-betting-facebook-will-climb-after-earnings/