Facebook Sells Off Despite Strong Results

by Javier Hasse, Benzinga Editor

November 2, 2016 4:15 PM | 27 seconds read | Make a Comment

Facebook Inc FB reports Q3 EPS of $1.09, above the Street’s consensus of $0.97.
Revenue of $7.01 billion also comes in above expectations for $6.92 billion.
Q3 Monthly Active Users of 1.79 billion comes in ahead of Goldman Sachs’ estimate of 1.763 billion.
Daily Active Users of 1.18 billion also beats Goldman’s 1.167 billion estimate.
Mobile MAUs of 1.66 billion compare to Goldman’s 1.638 billion forecast.
Shares are trading down 1.5 percent at $125.19 in Wednesday’s after-hours session.

Posted In: Earnings News After-Hours Center Movers Tech

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