Facebook (FB) Reports 3Q'13 Results

Facebook (FB) reported 3Q'13 results after the market closed today (02013.10.30). The press release started with the following.

For nearly ten years, Facebook has been on a mission to connect the world," said Mark Zuckerberg, Facebook founder and CEO. "The strong results we achieved this quarter show that we're prepared for the next phase of our company, as we work to bring the next five billion people online and into the knowledge economy."

It appears as though Facebook exceeded expectations because FB is up 9% in after hours trading.

I found this interesting: Facebook's effective tax rate during 3Q'13 was 41%. Facebook ended 3Q'13 with $9.33 billion in "cash."

FB closed today (02013.10.30) at $49.01. 52-week range: $18.87 - $54.83. At 4:50pm EDT (after hours) FB was at $53.67.

[update::02013.10.31] The markets just opened and FB is down almost 4% at $47.15. Things sure changed during the after after hours.