Facebook Q3 results fly past expectations with 60% revenue increase Facebook's latest quarterly results showed continued strength in mobile advertising, which spurred a 60 per cent revenue increase in the July-September qwarter. The numbers beat Wall Street's expectations for the second consecutive quarter, but after an initial after-hours trading spike, Facebook's stock took a downturn during the company's conference call with analysts. Investors may have been spooked by a remark by Facebook finance chief David Ebersman, who said the company saw a decrease in daily use among younger teenagers, an important but fickle demographic. After soaring as much as 18 per cent to $57.98 after the quarterly results came out, shares of Menlo Park, Calif.-based Facebook slid to $48.44 in extended trading during the company's conference call. The stock had closed Wednesday's regular trading day down 39 cents at $49.01. The stock's fluctuations overshado...
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