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

Market news

2 November 2017

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

Facebook (FB) reported Q3 FY 2017 earnings of $1.59 per share (versus $1.09 in Q3 FY 2016), beating analysts' consensus estimate of $1.28.

The company's quarterly revenues amounted to $10.328 bln (+47.3% y/y), beating analysts' consensus estimate of $9.844 bln.

The company also reported the daily active users (DAUs) were 1.37 billion on average for September 2017 (+16% y/y), and monthly active users (MAUs) were 2.07 billion as of September 30, 2017(+16% y/y).

FB fell to $180.50 (-1.18%) in pre-market trading.

United Kingdom: BoE Interest Rate Decision, 0.50% (forecast 0.5%)

Bank of England expected to hike interest rate by 0.25% to 0.50% by a 6-2 vote. Decision at 12:00 GMT

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