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Facebook: Q3 earnings

Summary of Facebook's earnings for its third quarter, following which shares were unchanged immediately after results in post-market trading (9.05pm London time).

 

Revenue

Earnings per share

Expected

$3.12 billion $0.40

Actual

$3.2 billion $0.43

 

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Beating expectations is a given for Facebook at the moment. Ad revenues are on the up, thanks to some hefty new acquisitions that have helped the firm hold its own against Google. However, it is the forecast of significant cost increases that spooked investors. Facebook’s shopping spree comes with a hefty price tag, with considerable investment needed to bring the new elements up to speed.

Overall, the company is still doing well. Active users on both a monthly basis and a daily basis were up, and the move lower was partially a result of the hefty rally in the share price this year. Although below the 50-DMA, the price has found support around $73.80, and a recovery of $75.40 would signal that the post-results funk has come to an end and all-time highs are back on the agenda. 

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