Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent - NBC Boston

Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent

"Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement

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    Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent
    Facebook now has 1.146 billion daily mobile active users.

    Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as ad revenue grew 53 percent in a quarter.

    Shares rose 3 percent after hours.

    Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance.

    Facebook now has 1.146 billion daily mobile active users.

    3 Dead in Maryland Shooting; Manhunt for Gunman Underway

    [NATL] 3 Dead in Maryland Shooting; Manhunt for Gunman Underway

    Authorities are searching for Radee Labeeb Prince, 37, who is on the run after he was suspected of shooting five employees of Advanced Granite Solutions at the Emmorton Business Park in Edgewood, Maryland. 

    (Published Wednesday, Oct. 18, 2017)

    "Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement.