Facebook Q3 Earnings Takeaways: Revenue Miss, Weak Guidance, New Names For 2 Units

The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux, France, on Feb. 1, 2017. Regis Duvignau/Reuters

Social media giant Facebook Inc. reported third-quarter financial results after market close Monday.

Here are the key takeaways from the report.

What Happened

Facebook reported third-quarter revenue of $29 billion, up 35 percent year-over-year. The revenue total was shy of analysts’ estimates of $29.6 billion.