Facebook's sales soared 60 percent to $2.02 billion in the third quarter as the company earned an adjusted 25 cents per share. Net income was $621 million.
The numbers came in handily ahead of Wall Street's expectations of 19 cents per share on $1.91 billion in revenue.
Facebook said it finished the quarter with 1.19 billion monthly active users, 728 million daily active users, and 874 million mobile monthly active users. The figures are especially impressive because they show that Facebook's engagement rate -- the ratio of daily to monthly users -- is still … Read more