Facebook reported its third quarter earnings after the closing bell Tuesday and the numbers beat the street.
Facebook reported a loss in Q3, but said its revenue's jumped by about 30-percent. The revenue jump was helped by gains in mobile.
U.S. & World
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 earned $311 million, or 12 cents per share, in the latest quarter.
Revenue rose 32 percent to $1.26 billion from $954 million.
Analysts had expected earnings of 11 cents per share on revenue of $1.23 billion, according to FactSet.
Tuesday's earnings release was only the second since the company went public.
Associated Press contributed to this report.