FILE PHOTO: Figurines are seen in front of the Facebook logo in this illustration taken March 20, 2018. REUTERS
October 30, 2019
(Reuters) – Facebook Inc <FB.O> beat analysts’ estimates for quarterly revenue on Wednesday, driven by a steady rise in advertising.
Monthly active users rose to 2.45 billion, in line with estimates, according to IBES data from Refinitiv.
Net income rose to $6.09 billion, or $2.12 per share, in the third quarter ended Sept. 30, from $5.14 billion, or $1.76 per share, a year earlier. Total revenue rose to $17.65 billion from $13.73 billion, beating analysts’ average estimate of $17.37 billion.
(Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)
