Facebook Inc. combated a wave of negative news reports with positive earnings results Monday afternoon, but sales and the company’s revenue forecast came up short of expectations amid concerns about a change from Apple Inc.
Facebook FB reported third-quarter earnings of $9.19 billion, or $3.22 a share, topping the $2.71 a share it reported last year, on sales of $29.01 billion, up from $21.47 billion a year ago. Those results outstripped the average forecast for profit of $3.19 a share but not on sales, which was $29.49 billion,...