Investing.com - Facebook (NASDAQ:FB) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.76 on revenue of $13.73B. Analysts polled by Investing.com forecast EPS of $1.46 on revenue of $13.77B. That compared to EPS of $1.59 on revenue of $10.33B in the same period a year earlier. The company had reported EPS of $1.74 on revenue of $13.23B in the previous quarter.
For the year, Facebook shares are down 17.14%, under-performing the S&P 500 which is down 0% year to date.
Facebook follows other major Technology sector earnings this month
On Wednesday, October 24, 2018, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. Investing.com analysts expected EPS of $10.41 on revenue of $27.32B
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