Shares in Facebook rose as much as 6 per cent on Wednesday after the social media group topped third-quarter earnings forecasts, in a sign that advertisers and users continue to flock to the platform in spite of recent scandals and heightened regulatory scrutiny. Facebook’s earnings in the three months to the end of September stood at $2.12 a share, up 20 per cent compared with the same quarter in 2018, and well above consensus analyst forecasts of $1.91. Shares in Facebook rose as much as 6 per cent in after-hours trading, before settling up 5 per cent at almost $197. Read More...
Shares in Facebook rose as much as 6 per cent on Wednesday after the social media group topped third-quarter earnings forecasts, in a sign that advertisers and users continue to flock to the platform in spite of recent scandals and heightened regulatory scrutiny. Facebook’s earnings in the three months to the end of September stood at $2.12 a share, up 20 per cent compared with the same quarter in 2018, and well above consensus analyst forecasts of $1.91. Shares in Facebook rose as much as 6 per cent in after-hours trading, before settling up 5 per cent at almost $197.
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