Skip to main content

Market Overview

Facebook Beats Q3 Views, Shares Rise


Shares of Facebook Inc (NASDAQ: FB) gained around 2 percent in after-hours trading after the company reported better-than-expected earnings for the third quarter on Wednesday.

The Menlo Park, California-based company reported quarterly net income of $896 million, or $0.31 per share, compared to $806 million, or $0.30 per share, in the year-ago quarter. Its adjusted earnings came in at $0.57 per share.

Its revenue climbed to $4.50 billion from $3.20 billion. However, analysts were expecting earnings of $0.52 per share on revenue of $4.37 billion.

The average estimate among 570 Estimize users was for earnings of $0.54 per share and revenue of $4.40 billion.

As of September 30, monthly active users climbed 14 percent year-over-year to 1.55 billion, while daily active users gained 17 percent to 1.01 billion.

At the end of the third quarter, the company had $15.83 billion in cash and cash equivalents and marketable securities.

"We had a good quarter and got a lot done," said Mark Zuckerberg, Facebook founder and CEO. "We're focused on innovating and investing for the long term to serve our community and connect the entire world."

Facebook shares gained 1.92 percent to $105.94 in after-hours trading.


Related Articles (FB)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at