NEW YORK — Facebook’s third- quarter results inched past Wall Street’s expectations, offering evidence that the company is making inroads in mobile advertising, a longtime concern among investors.
The financial results, Facebook’s second as a public company, sent its stock sharply higher in after-hours trading.
The stock jumped $1.90, or 9.7 percent, to $21.40 after the announcement. Facebook had closed up 18 cents at $19.50 in regular trading on a day that saw the Dow Jones industrial average drop 243 points, or 1.8 percent.
The world’s biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period.
That’s down from earnings of $227 million, or 10 cents per share a year ago, when Facebook was still privately held.
Excluding special items, mainly related stock compensation expenses, Facebook Inc. earned $311 million, or 12 cents per share, in the latest quarter, a penny better than what analysts were expecting.
Revenue rose 32 percent to $1.26 billion from $954 million.