Facebook Q3 Earnings Blast Past Expectations; Shares Rise

Facebook  (FB) – Get Report shares rose in after-hours trading Thursday, after the social media titan posted profit and revenue numbers that blew away analysts’ expectations for the third quarter.

Revenue registered $21.47 billion in the third quarter, up 22% from $17.65 billion in the year-ago quarter. The FactSet analyst consensus called for $19.8 billion for the latest quarter. Advertising accounted for 99% of this year’s third-quarter revenue.

Profit totaled $7.85 billion, or $2.71 per share, in the latest quarter, up from $6.09 billion, or $2.12 per share a year ago. The analyst consensus called for $1.90 in the latest quarter.

Source link

error: Content is protected !!

New Report