Facebook's rise in profit outweighs slow user, sales growth - Dealers Care

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Wednesday, 31 October 2018

Facebook's rise in profit outweighs slow user, sales growth

By Munsif Vengattil and Paresh Dave SAN FRANCISCO (Reuters) - Facebook Inc on Tuesday beat profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years in a quarter some investors feared would be hit harder by defections from the social media site. Facebook is keeping costs in check better than some investors anticipated but is facing challenges growing users, causing shares to swing in both directions after the third-quarter results

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