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 EPS of $3.19 on revenue of $29.58B.
Facebook 's are up 20% and is trading at $326.00 , still down 14.41% from its 52 week high of $384.33 set on Wednesday, September 1, 2021.
Facebook shares lost 0.89% to trade at $326.00 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, 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, for EPS of $2.15 on revenue of $7B.
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