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.

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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.

Shares of Facebook were down 3 percent to $141.50 after seesawing between positive and negative territory after the bell, when shares had closed up 2.9 percent at $146.22.

Shares fell again after Facebook Chief Executive Mark Zuckerberg, on a conference call with analysts, repeated the company`s warning that shifting user behaviour would leave revenue and cost growth out of sync for “some time.”

He also noted costs would continue to rise to deal with safety and security issues.

"The upcoming elections will be a real test of the protections we`ve put in place," Zuckerberg said. "With a community of more than 2 billion people, we will see all the good and bad that humanity can do. And we will never be perfect."

Big winners on Wall Street in recent years, internet giants including Facebook, Amazon.com Inc https://tmsnrt.rs/2CO7xgt)

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