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

Market news

30 October 2020

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

Facebook (FB) reported Q3 FY 2020 earnings of $2.71 per share (versus $2.12 per share in Q3 FY 2019), beating analysts’ consensus estimate of $1.91 per share.

The company’s quarterly revenues amounted to $21.470 bln (+21.6% y/y), beating analysts’ consensus estimate of $19.778 bln.

FB fell to $274.89 (-2.12 %) in pre-market trading.

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