After all the news that came out of Facebook’s earnings call Wednesday, the social networking giant has hit the zone.

Wall Street was pleasantly surprised by Facebook’s financial results , while the company also had good news to report about user growth, mobile usage and Instagram.

“Facebook is hitting on all cylinders now,” said Dan Olds, an analyst with The Gabriel Consulting Group. “Advertising revenue is up an astounding 57 percent year-over-year, with total revenue up 52 percent. Better yet, operating margins improved from 26 percent to 37 percent, leading to 115 percent higher profits at just over $2 billion. Facebook is definitely executing their plan in a big way.”

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