© Reuters. Facebook Earnings beat, Revenue misses In Q3
Investing.com – Facebook (NASDAQ:) reported on Monday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Facebook announced earnings per share of $3.22 on revenue of $29.01B. Analysts polled by Investing.com anticipated EPS of $3.19 on revenue of $29.58B.
Facebook shares are up 20% from the beginning of the year and are trading at $326.00 , down-from-52-week-high.They are broadly in line with the which is up 20.37% from the start of the year.
Facebook shares lost 0.89% in after-hours trade the report.
Facebook follows other major Technology sector earnings this month
Facebook’s report follows an earnings beat by Taiwan Semiconductor on October 14, who reported EPS of $1.07 on revenue of $14.75B, compared to forecasts EPS of $1.04 on revenue of $14.81B.
Danaher had beat expectations on Thursday with third quarter EPS of $2.39 on revenue of $7.23B, compared to forecast for EPS of $2.15 on revenue of $7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.