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Facebook 3Q revenue slightly below expectations

SeattlePI.com Tuesday, 30 October 2018
NEW YORK (AP) — Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report. Coming three months after the company's stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the mixed results were perhaps not the redemption Facebook hoped for. But shares inched a bit higher after-hours, suggesting, at least, that the social media giant didn't further spook investors. With the myriad problems Facebook has been grappling with lately, this is likely good news for the company. Facebook had 2.27 billion monthly users at the end of the quarter, below the 2.29 billion analysts were expecting.
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