Facebook has its first $3 billion quarter, beats Q3 earnings estimates

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Facebook just had its first $3 billion quarter

The company reported earnings of $0.43 per share on revenue of $3.2 billion in the quarter, coming in ahead of analyst estimates for earnings of $0.40 per share on revenue of $3.12 billion. That's up from earnings of $0.25 per share and revenue of $2.02 billion in the same quarter a year earlier.

See also: 'It Was Just the Dumbest Luck' — Facebook's First Employees Look Back

"This has been a good quarter with strong results," Facebook cofounder and CEO Mark Zuckerberg said in a statement. "We continue to focus on serving our community well and continue to invest in connecting the world over the next decade." Read more...

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