5 Stocks Gaining Attention After Posting Their Quarterly Results

1. Facebook, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) shares rose over two percent in the pre-market trading session on Tuesday, 26 October 2021, after the company announced a better-than-expected profit for the third quarter. The social network giant earned $3.22 per share in the quarter, beating the consensus forecast of $3.19 per share.

Revenue for the quarter came in at $29.01 billion, just below the consensus forecast of $29.49 billion. Facebook, Inc. (NASDAQ:FB) had reported earnings of $2.71 per share on revenue of $21.47 billion for the comparable period of 2020.

If we look at the key growth indicators, daily active users (DAUs) in the quarter increased six percent on a year-over-year basis to 1.93 billion, while monthly active users (MAUs) also rose six percent to 2.91 billion. In addition, Facebook, Inc. (NASDAQ:FB) announced that it repurchased $14.37 billion worth of shares during the quarter.

Speaking on the results, CEO Mark Zuckerberg said:

“We made good progress this quarter across a number of product priorities, and our community continues to grow. There are now almost 3.6 billion people who actively use one or more of our services, and I’m excited about our roadmap to keep building great new experiences for them.”

Facebook, Inc. (NASDAQ:FB) also issued its revenue outlook for the fourth quarter. It expects revenue in the range of $31.5 billion – $34 billion, slightly below the consensus forecast of $34.8 billion.

You can also take a peek at 12 Best Software Stocks To Buy According To Hedge Funds and 11 Best Dividend Aristocrats with over 3% Yield.

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