Facebook shares whipsawed in after-hours trading, following a mixed third-quarter earnings report Tuesday.
The results fell short when it came to revenue, daily active user and monthly active user estimates in the company's latest earnings report, despite exceeding analyst expectations on earnings per share. Facebook also told investors to expect increased expenses in 2019.
The company reported its third-quarter earnings after bell on Tuesday:
- Earnings per share (EPS): $1.76 vs $1.47 estimated, per Refinitv
- Revenue: $13.73 billion vs. $13.78 billion estimated, per Refinitiv
- Daily active users (DAUs): 1.49 billion vs. 1.51 billion estimated, according to FactSet and StreetAccount
- Monthly active users (MAUs): 2.27 billion vs. 2.29 billion estimated, according to FactSet and StreetAccount
- Average revenue per user: $6.09 vs. $6.09 estimated, per 2.29 billion, according to Street Account
Facebook's shares were down as much as 6 percent and up as much as 5 percent after hours as investors dissected CEO Mark Zuckerberg's comments on future spending and growth. They finally settled in positive range, up about 3 percent, after the company's earnings call concluded.