Facebook (FB) earnings Q3 2020

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles its users’ data and privacy.Chip Somodevilla | Getty Images News | Getty ImagesFacebook stock was down more than 2% on Thursday after the company posted moderate revenue and user growth its third-quarter earnings.Earnings: $2.71 cents per share, vs $1.91 per share forecast by RefinitivRevenue: $21.47 billion, vs $19.8 billion forecast by RefinitivDaily active users (DAUs): 1.82 billion vs. 1.79 billion forecast by FactSetMonthly active users (MAUs): 2.74 billion vs. 2.7 billion forecast by FactSetAverage revenue per user (ARPU): $7.89 vs. $7.32 forecast by FactSetIn the U.S. and Canada, Facebook’s user base fell to 196 million daily active users from 198 million a quarter earlier. Its user base in Europe remained flat at 305 million daily active users for the third consecutive quarter. The company cautioned that it expects its user base in the U.S. and Canada to remain flat or decrease in the fourth quarter.

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