Facebook sales, driven by mobile, shoot up nearly 60 percent

28.10.2014

Facebook stock was at around $79.99 in after hours trading following its earnings report, down slightly from its close of $80.77, possibly signaling lingering investor concerns over Facebook's progress toward growing its audience.

Facebook nearly doubled its net income for the third quarter, to $806 million.

The company's adjusted earnings per share was $0.43, above analyst estimates of $0.40.

CEO Mark Zuckerberg, in Facebook's announcement, called the results "strong," showing a "good quarter."

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on TwitterTwitter at @zachminers. Zach's e-mail address is zach_miners@idg.com Alles zu Twitter auf CIO.de

Zach Miners

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