Investing.com - Facebook (NASDAQ:FB) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Facebook announced earnings per share of $3.22 on revenue of $29.01B. Analysts polled by Investing.com anticipated EPS of $3.19 on revenue of $29.58B.
Facebook shares are up 20% from the beginning of the year and are trading at $326.00 , down-from-52-week-high.They are broadly in line with the Nasdaq 100 which is up 20.37% from the start of the year.
Facebook shares lost 0.89% in after-hours trade the report.
Facebook follows other major Technology sector earnings this month
Facebook's report follows an earnings beat by Taiwan Semiconductor on October 14, who reported EPS of $1.07 on revenue of $14.75B, compared to forecasts EPS of $1.04 on revenue of $14.81B.
Danaher had beat expectations on Thursday with third quarter EPS of $2.39 on revenue of $7.23B, compared to forecast for EPS of $2.15 on revenue of $7B.
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