BREAKING: Facebook Year on Year Q3 Profits UP ALMOST 300%
Category Facebook
How the hell does a $30 billion/year run rate company TRIPLE its profits? Just amazing
Facebook Profit Jumps Sharply
Revenue and earnings smash Wall Street’s expectations
from http://www.wsj.com/articles/facebook-profit-jumps-sharply-1478117646
By DEEPA SEETHARAMAN
Nov. 2, 2016 4:14 p.m. ET
Facebook Inc. reported Wednesday that its third-quarter profit nearly tripled, marking another period of untrammeled growth driven by the social network’s mobile ad products.
Net income rose to $2.38 billion from $896 million a year earlier. Excluding certain expenses, Facebook reported earnings per share of $1.09, compared with 57 cents a year earlier. Analysts, on average, expected a per-share profit of 97 cents, acc ...