Facebook Inc. stock rose to a record intraday high in late afternoon trading Monday. Facebook shares were up as much as 1% to $179.66, as of p.m. Eastern. Stock in the social-networking company has risen 56.2% so far this year, as the S&P 500 index has gained 15.3%. The company is set to report its third-quarter earnings on Wednesday after the close. Facebook has beaten Wall Street expectations every quarter since its initial public offering in 2012, except for once in 2013 and again this year. Investors value the company at $521.8 billion, according to FactSet.
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