Facebook Trades Higher On Q3 Earnings, Sales Beat

Facebook.com, Inc. FB shares were rising in Wednesday's after-hours session after the company posted a third-quarter earnings and sales beat.

Facebook posted third-quarter earnings of $2.12 per share, beating the Street's $1.91 estimate. Sales of $17.38 billion topped the $17.36-billion Street estimate.

The social media platform's daily active users amounted to 1.62 billion average in September, a 9% year-over-year increase. Monthly active users totaled 2.45 billion in September, an 8% year-over-year increase.

"We had a good quarter and our community and business continue to grow," founder and CEO Mark Zuckerberg said in a statement. "We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."

Facebook shares were trading 3.6% higher at $195.05 at the time of publication.

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Photo courtesy of Facebook.