Facebook Sells Off Despite Strong Results


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  • Facebook Inc (NASDAQ: 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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsAfter-Hours CenterMoversTech