Facebook Inc. just released its third quarter fiscal 2016 financial results, posting earnings of 88 cents per share and revenues of $7.011 billion. FB is a Zacks Rank #4 (Sell), and is up 0.27% to $127.55 per share in after-hours trading after its earnings report was released.
Beat earnings estimates. The company reported earnings of 88 cents per share, topping the Zacks Consensus Estimate of 77 cents per share. This number excludes 6 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $7.011 billion, beating the Zacks Consensus Estimate of $6.923 billion and gaining 56% year-over-year.
Daily active users (DAUs) were 1.18 billion on average, increasing 17% year-over-year, while mobile DAUs were 1.09 billion on average, increasing 22% year-over-year.
Monthly active users (MAUs) were 1.79 billion, growing 16% year-over-year, while mobile MAUs were 1.66 billion, growing 20% year-over-year.
Mobile advertising revenue represented approximately 84% of Facebook’s advertising revenue for Q3, up from roughly 78% of advertising revenue in the year ago period.
"We had another good quarter," said Mark Zuckerberg, Facebook founder and CEO. "We're making progress putting video first across our apps and executing our 10 year technology roadmap."
Here’s a graph that looks at Facebook’s price, consensus, and EPS surprise:
Facebook operates a social networking website worldwide. The Company's products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.
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