Facebook Sells Off Despite Strong Results

  • 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.
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