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Earnings Results: Facebook stock ticks up after earnings beat, revenue miss

Facebook Inc. reported third-quarter earnings Tuesday after the closing bell, beating Wall Street expectations after the company has been handling numerous public-relations crises over the past several months.

Facebook FB, +2.91% stock dropped roughly 3% in the extended session before climbing back to a 2% gain as of 4:30 p.m. Eastern time.

The Menlo Park, Calif.-based company reported $5.14 billion in net income for the quarter, which amounts to $1.76 a share, up from $4.7 billion or $1.59 a share in the year-ago period. Analysts’ average estimates for third-quarter profits were $1.46 a share, according to FactSet.

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