Facebook Q3 Earnings Beat EPS Predictions, but Failed Analyst Expectations on Revenue, Daily and Monthly Active Users
https://wccftech.com/facebook-q3-2018-earnings/
Social media giant Facebook (NASDAQ:FB) announced its Q3 2018 financial results and despite exceeding analyst expectations when it comes to earnings per share, the company’s results fell short when it came to revenue, daily active user and monthly active user estimates. However, Facebook’s CEO Mark Zuckerberg is optimistic about the future, with the company telling investors to expect increased expenses in 2019.
“I want you to know that looking out beyond 2019, I know that we need to make sure our costs and revenue are better matched over time, and that’s something that I am focused on as well.”