Facebook Beats Analysts Estimates for Q3; Stock up 10%

Facebook narrowly beat analysts' estimates for its third quarter, posting $1.26 billion in revenues for the quarter verses a consensus estimate of $1.23 billion

Adjusted earnings per share for the company, meanwhile, came in at $.12 compared to an estimate of $.11. The company also claimed it generated 14% of its revenues from mobile advertising.

Facebook's stock price was up 10% in after hours trading on the news.

Image courtesy of Flickr, Andrew Feinberg

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