Facebook stock up after earnings and revenue beat

Here's What The Last 12 Months Looked Like For Facebook

According to Tech Crunch, Facebook's share price closed at $182.66 prior to the earnings announcement and climbed 1.28 per cent in after-hours trading.

CEO Mark Zuckerberg resolved the concerns surrounding the company in the opening of its letter to financiers.

Facebook Inc (FB) CEO Mark Zuckerberg said the company "is doing well, but none of that matters if our services are used in ways that don't bring people closer together".

Security is clearly a major and costly issue for Facebook.

For Facebook, the revelation was all the more embarrassing because it had previously estimated that only around 10 million U.S. users had been exposed to Russian disinformation.

"I would note that, compared to a year ago, price is a much more important driver of our ads revenue growth", Facebook CFO David Wehner said.

Despite mounting criticism from USA lawmakers over Russia's use of its platform to spread propaganda, the company's stock has been trading at all-time highs ahead of Wednesday's results.




But CEO Mark Zuckerberg sounded a warning note, after a hard few weeks of debate around the role of rogue Russian actors trying to influence the last United States presidential election through Facebook ads and posts. The company also said it will significantly increase spending on security and expects this to drag down profitability going forward. Earnings per share were $1.59, above the $1.28 a share expected.

Facebook reported revenue of $10.3 billion, beating the consensus estimate of $9.88 billion, as polled by Zacks Investment Research, and up 47% from the year-ago quarter.

The analyst added that some investors might be anxious that the probed into Russian Federation meddling with U.S. politics will result in regulation on social networks that might hurt profitability.

Facebook reported capital expenditures for the third quarter of $1.76 billion.

Zuckerberg outlined investment priorities that included video content, which he described as the biggest trend at Facebook. Mobile advertising generated 88 percent of ad revenue, and is up 84 percent year over year.

Daily active users rose 16 percent to 1.37 billion on average for September, while monthly active users increased 16 percent to 2.07 billion. Facebook's advertising policies, however, have been under constant fire over the past few months after the revelation of Russian sponsored ads to induce differences between Americans during the Presidential elections. The Senate Intelligence Committee has also questioned representatives from Google and Twitter.

"For those who have followed Facebook, you know that when we set our minds to something, we're going to do it".

Related news:

Hot News

isis-killer-beheading-video-story-top India vs New Zealand, 1st T20I, Feroz Shah Kotla, IND v NZ
Nov 02, 2017 - 00:16
Tim Southee and Trent Boult both tried their hands at Tom Latham which kept the drill. Asked to bat first, India posted a massive total of 202/3 in their 20 overs.

isis-killer-beheading-video-story-top Frozen Metallica Mashup Has Kristen Bell & Dave Grohl Rocking Out
Nov 02, 2017 - 00:16
Introducing the Foo Fighters for that performance, Letterman said "my favorite band playing my favorite song". In February 2000, Letterman underwent emergency quintuple bypass surgery following a heart attack.

isis-killer-beheading-video-story-top Catalan ex-leader Puigdemont unveils new website
Nov 02, 2017 - 00:15
Should the leaders not respond to this, they can indeed be jailed pending trial and considered a flight risk. Belgian Prime Minister Charles Michel's office did not confirm this information but did not deny it.

isis-killer-beheading-video-story-top 'House Of Cards' Cancelled As Fallout Continues For Spacey
Nov 02, 2017 - 00:12
Exactly how Hollywood organizations will react to the allegations against Spacey remains unclear. Christian Bale replaced Spacey's name in the version that aired on NBC in the United States.

isis-killer-beheading-video-story-top NYPD Commends Officer Ryan Nash for Saving Lives in Manhattan Truck Jihad
Nov 02, 2017 - 00:10
Saipov, 29, a native of Uzbekistan who entered the United States in 2010, was under arrest and hospitalized Wednesday. But Nash didn't know that when he confronted the suspect, O'Neill said. "We have first responders who are heroes.

isis-killer-beheading-video-story-top Nintendo launches "legendary" Black Friday deals and more
Nov 02, 2017 - 00:08
The green slate will launch for the same $79.99 price, and will include The Legend of Zelda: Ocarina of Time 3D . A white-and-red Nintendo 2DS system pre-loaded with the New Super Mario Bros.

isis-killer-beheading-video-story-top All participants of global meeting on Syria arrive in Astana
Nov 01, 2017 - 00:17
The meeting was organised by Russian Federation and Iran, who support Syrian President Bashar al-Assad's regime, and Turkey, which backs the opposition.

isis-killer-beheading-video-story-top Classic Carentan map returns in Call of Duty: WWII trailer
Nov 01, 2017 - 00:13
The first of the game's four DLC packs will be released first on PS4, Sony announced today during its Paris Games Week conference. During Sony's Paris Games Week showcase last night, Activision chose to unveil Call of Duty: WW2's first DLC, The Resistance .

isis-killer-beheading-video-story-top Map, street view of bike path
Nov 01, 2017 - 00:12
President Trump and the first lady both tweeted responses. "Our thoughts and prayers are with all those affected", she added. Witnesses describe pandemonium after what appeared to be a collision between a school bus and a rental truck from Home Depot.

isis-killer-beheading-video-story-top Podesta Group, Mercury Are Companies 'A' and 'B' in Indictment
Nov 01, 2017 - 00:11
Podesta Group said at the time it believed its client was a European think tank untethered to a political party. Before becoming a lobbyist, he worked on presidential campaigns of Eugene McCarthy, George McGovern, Edward M.

isis-killer-beheading-video-story-top Sanders: Indictments by Mueller Have Nothing to Do With Trump Campaign
Nov 01, 2017 - 00:09
Throughout the briefing, Sanders continued to distance the Trump campaign from the activities of Manafort, Gates and Papadopoulos. Papadopoulos, who is 30 years old, joined the Trump campaign in early March 2016 as a foreign adviser.

isis-killer-beheading-video-story-top SpaceX Rocket Puts South Korean Communications Satellite In Orbit
Oct 31, 2017 - 00:19
KT Sat has for years desired to have a larger worldwide presence, and views connecting boats as a way to further that goal. Should weather or some kind of technical issue get in the way, SpaceX will try to launch again tomorrow at the same time.

isis-killer-beheading-video-story-top How can State challenge Centre's law, asks SC
Oct 31, 2017 - 00:15
Earlier, final hearing in the main Aadhaar matter was necessary, contended Divan, appearing for some of the petitioners. The Union government will now have to submit its reply within four weeks.

isis-killer-beheading-video-story-top Matt Forte unhappy with New York Jets offensive playcalling
Oct 31, 2017 - 00:09
But I would say I was probably more pleased from a pass protection standpoint than all the way finishing through on the run game". The New York Jets fell to the Atlanta Falcons 25-20 on a rainy day in East Rutherford , NJ on Sunday.

isis-killer-beheading-video-story-top SA vs BAN: Twitter celebrates David Miller's fastest T20 century
Oct 31, 2017 - 00:08
How do I live stream South Africa vs Bangladesh 2nd T20I? Shakib Al Hasan and Saifuddin took wickets each for Bangladesh . Bangladesh was 141 all out in 18.3 overs, another heavy defeat on a hard five-week tour for the visiting team.