Facebook hits an all-time high after earnings beat (FB)

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By Robert Galbraith

Facebook stock hit an all-time high in after-hours after the company reported its Q3 earnings, beating analyst expectations on the top and bottom line.
Here are the most important numbers:

  • Revenue: $4.5 billion vs. analyst expectations of $4.37 billion, up 41% year-over-year.
  • Adjusted EPS: $0.57 vs. analyst expectations of $0.52.
  • MAUs: 1.55 billion monthly active users vs. 1.52 billion expected.

The after-hours stock was up nearly 5% initially, dipped down to +2%, and settled around 4% after the earnings call. At about 107.7, Facebook’s stock is at a new all-time high and shares are up roughly 25% since mid-August.
None of the numbers reported in the release were hugely surprising. Its expenses were up 68% year-over-year, but the company had previously said that it plans to invest heavily this year. Also as expected, Facebook saw an increase in the percentage of its revenue coming from mobile.
“Read the Full Article at www.reuters.com >>>>”

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