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 Thursday, October 14, 2021, 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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