Facebook cruises to another strong quarter, but stock plummets

Facebook cruises to another strong quarter, but stock plummets

Facebook had a wildly successful Q3, earning $7.01 billion in revenue and $1.09 EPS.br That’s off of from 1.79 billion monthly users, up 16 year-over-year, and growing 4.67 this quarter, speeding up from 3.63 last quarter.br But shares sunk more than 8 in after hours trading after the company cautioned that spending will grow in 2017 and said that the News Feed is nearly fully saturated with ads.


User: Wibbitz Top Stories

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Uploaded: 2016-11-02

Duration: 00:36

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