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

Market news

31 October 2019

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

Facebook (FB) reported Q3 FY 2019 earnings of $2.12 per share (versus $1.76 in Q3 FY 2018), beating analysts’ consensus estimate of $1.88.

The company’s quarterly revenues amounted to $17.652 bln (+28.6% y/y), beating analysts’ consensus estimate of $17.350 bln.

FB rose to $195.77 (+3.99%) in pre-market trading.

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