HYCM, Facebook Stock moved 10.7% after release of Q3 earnings report

This article is originally referred from HYCM News.

Yesterday, Facebook released their Q3 earnings report; they had a dramatic beat on earnings, but narrowly missed revenue estimates.

EPS came in at $1.76, ahead of consensus estimates of $1.46, but revenue of $13.73 billion slightly missed estimates of $13.77 billion.

DAU came in at 1.49 billion, up 9% YoY and below a 1.51 billion consensus.

MAU were 2.27 billion, up 10% and below a 2.29 billion consensus.

Facebook continued to add to its workforce, growing its head count 45% to 33,606 in the third quarter, compared with the same period last year.

When the markets opened on the 31st October, Facebook stock was up 10.7%.

Do you think Facebook will continue to rise or start to retrace?

Good luck & trade safely.

Original Source: HYCM News