Is Facebook Stock a Buy?
Facebook (NASDAQ: FB) posted its third-quarter earnings on Oct. 25. The social media giant's revenue rose 35% year-over-year to $29.01 billion, but still missed estimates by $510 million. Its earnings increased 19% to $3.22 to per share, which beat expectations by a nickel.
Facebook's stock rose slightly after the report, and remains up about 20% for the year. The market's calm reaction to Facebook's revenue miss was starkly different from Snap's (NYSE: SNAP) post-earnings crash on Oct. 22.
Image source: Facebook.
Source Fool.com
