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Facebook misses estimates for monthly users, revenue

Updated: 31-10-2018 01:35 IST
Facebook Inc on Tuesday missed estimates for quarterly user growth and revenue but topped profit expectations as the social network tries to recover from privacy and content scandals.

The company's profit rose to $1.76 per share in the third quarter from $1.59 per share a year earlier. Analysts on average expected earnings of $1.48 per share, according to Refinitiv data.

Facebook's monthly active users were 2.27 billion, falling short of 2.29 billion estimated by analysts.

Total revenue rose 33 percent to $13.73 billion, also missing estimates of $13.78 billion. (Reporting by Munsif Vengattil in Bengaluru and Paresh Dave in San Francisco; Editing by Anil D'Silva)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)