Tuesday, October 30, 2018

Facebook Earnings Beats Street; But Misses Estimates For Revenues, Monthly Users

Facebook Inc. (FB), Tuesday reported a 9 percent increase in profit for the third quarter, driven largely by growth in ad revenues. Earnings for the quarter trumped estimates. However, revenues and monthly active users of the social networking giant fell short of Wall Street's expectations, as the company continues to be haunted by its controversy regarding the privacy of user data.

from RTT - Earnings https://ift.tt/2DcxN5a
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