Facebook – huge profits in relation to the number of users and earnings below expectations



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Facebook's results posted higher than expected earnings in the third quarter, but results were lower than estimates for the number of active users per month.

Revenues also represent the slowest pace of growth in nearly six years, as the social network tried to recover from scandals of confidentiality and content.

A nine percent increase

The company's quarterly profit was $ 5.14 billion, or $ 1.76 per share, up 9% from the previous year, compared with the median forecast of 1 USD 48 per share

Meets expectations

Facebook's revenues have been in line with expectations, taking into account what the company calls unfavorable exchange rates.

Third-quarter revenue reached $ 13.73 billion, up 33 percent from the same period last year, below the analysts' average estimate of $ 13.78 billion. Reversible data dollars.

More on euronews:

High number of users

The number of users of the leading active Facebook application has increased by 10% to 2.27 billion and 9% to 1.49 billion, every day and every day.

Estimates were estimated at 2.292 billion and 1.508 billion according to average estimates in the "Reventiv" data.

Meanwhile, total third quarter expenses reached $ 7.95 billion, up 53% from the previous year.

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