Facebook Shares Rise After Q3 Earnings Beat Forecasts With Strength In Mobile

This tells you how hungry investors are to hear something encouraging about Facebook. Shares are up more than 8.6% after hours following a Q3 report that included a nice 61% year-over-year increase in the number of mobile monthly active users. The company had a net loss of $59M vs a $227M profit last year — largely explained by the 64% increase in costs for share-based compensation and related payroll taxes and income taxes after it went public in May. Revenues rose 32.3% to $1.26B. That’s ahead of estimates for $1.23B. Without the extraordinary tax hit, the company figures earnings per share would have come in at 12 cents a share, beating forecasts for 11 cents. (more…)

This article was printed from https://deadline.com/2012/10/facebook-q3-earnings-358500/