Facebook Tops Estimates, Royal Dutch Shell Falls Short, and 3 More Hot Stocks
Facebook Inc. (NASDAQ:FB): Earnings per share of 25 cents trounced estimates by 6 cents, as revenue of $2.02 billion also beat, by $110 million. Mobile ad sales grew 34 percent over the second quarter, to $880 million, making up 49 percent of all ad sales. Total ad sales saw gains of 13 percent quarter over quarter and 66 percent year on year, to $1.8 billion. Ad sales accounted for 89 percent of total revenue. Facebook reported 1.19 billion monthly active users at the end of the third quarter, a 3 percent bump over the second quarter, and 18 percent over the same period last year.