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Home / Business / Facebook announces results for the third quarter of 2018

Facebook announces results for the third quarter of 2018



Facebook shares fell more than 5% after analysts failed to meet their third-quarter revenue guidance on Tuesday.

The results come after a few turbulent months for the Californian technology giants, who are addressing the consequences of scandals such as Cambridge Analytica and the hacking of 30 million sensitive data.

Most analysts remain optimistic despite recent difficulties on Facebook. According to Bloomberg, the price target is $ 203.26, well above Tuesday's price of around $ 143. The all-time high of the stock is around $ 210.

"We expect Facebook's revenue growth to remain robust and driven by multiple growth drivers," Wedbush analysts write Friday ahead of Facebook's third-quarter earnings. "The company's unsurpassed scalability and usability in terms of its advertising platform suggests that Facebook will continue to be a significant part of the digital advertiser's budget."

Business Insider covers Facebook's revenue in the third quarter of 201

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