Facebook Q3 Bests Wall Street Expectations: $1.26 Billion Revenue, $0.12 Non-GAAP EPS

Facebook released the financial results for the third quarter of 2012 just after the stock market closed this afternoon. All eyes are on the social networking company to show Wall Street some sort of sign of strength in the results from its second quarter as a publicly-traded company. Its stock price lag at around $20 for several months now, a significant decline from the $38 share price it had when it held its closely-watched (and much-criticized) initial public offering this past May.

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