SAN FRANCISCO — Facebook reported $3.2 billion in third-quarter revenue, an increase of 59%, beating Wall Street estimates again.
The Menlo Park, Calif., company reported adjusted earnings per share of 43 cents, also surpassing analysts' expectations.
"This has been a good quarter with strong results," Facebook CEO Mark Zuckerberg said in a written statement.
Wall Street expected revenue of $3.1 billion up from $2 billion a year ago.
Excluding stock compensation and other expenses, analysts projected earnings per share of 40 cents a share. Analysts had expected net income of 31 cents a share.
That's compared with 25 cents a year ago.
The Menlo Park, Calif., company reported adjusted earnings per share of 43 cents, also surpassing analysts' expectations.
"This has been a good quarter with strong results," Facebook CEO Mark Zuckerberg said in a written statement.
Wall Street expected revenue of $3.1 billion up from $2 billion a year ago.
Excluding stock compensation and other expenses, analysts projected earnings per share of 40 cents a share. Analysts had expected net income of 31 cents a share.
That's compared with 25 cents a year ago.
From USATODAY.COM
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