Company News: Facebook (FB) Q3 results beat analysts’ expectations

Market news

3 November 2016

Company News: Facebook (FB) Q3 results beat analysts’ expectations

Facebook reported Q3 FY 2016 earnings of $1.09 per share (versus $0.57 in Q3 FY 2015), beating analysts' consensus estimate of $0.97.

The company's quarterly revenues amounted to $7.011 bln (+55.8% y/y), beating analysts' consensus estimate of $6.920 bln.

FB fell to $121.45 (-4.50%). in pre-market trading.

U.S.: Unit Labor Costs, q/q, Quarter III 0.3% (forecast 1.3%)

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