Facebook shares surprisingly tumbled for two consecutive sessions amid the upbeat third quarter financial results. Following the positive report, the social networking company signaled for a probability that its previous performance might not happen again, casting doubts over the sustainability of the largest social networking provider. Will the investors regain their market interest and trust to the stock?
Facebook Q3 Earnings
Facebook reported a better-than-expected earnings report with $7 billion in revenue and 1.18 billion active users acquired in the September quarter. The company had a net income of $2.34 billion or $1.09 earnings per share, beating analysts’ forecasted EPS of $0.96 and revenue of $6.9 billion. Given the fact that the mobile engagement of people increase nowadays, the mobile users of Facebook have climbed for 22 percent on an annual basis and active users has jumped by 17 percent.