Opening Bell: Facebook beats expectations, Irish manufacturing growth slows, Eir makes gains

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Mark Zuckerberg says that Facebook will continue to put video first as the social network grows.

Its daily active users grew to 1.18 billion on average for September 2016, an increase of 17% year-over-year.

Facebook reported higher-than-expected quarterly revenue growth, earning $7.01bn.

Its profit rose to almost $2.38bn - that's a 16% increase on last quarter.

However, the company's shares dipped by 7% as it warned that revenue growth will slow in this quarter.


"Brexit" has been named as Collins Dictionary's word of the year.

Use of the term, which refers to the UK leaving the EU, has gone up 3,400% this year.

The book says it's arguably politics' most important contribution to the English language in over 40 years - since the Watergate scandal gave rise to the use of "gate."

Campaigners are going to the UK High Court today, to challenge Theresa May's right to begin Britain's departure from the EU.

They want MPs to be given a vote on when Article 50 is triggered.


The latest Investec Services PMI Ireland release shows that expansion slowed in October.

The index dipped to 54.6 - that's a 41 month low. Any reading above 50 indicates growth.

A number of respondents reported that the UK’s decision to leave the EU (and related sterling weakness) had caused a fall in new orders.


Eir has released results from its first quarter, which ended on September 30th.

Underlying revenue grew by 2% or €5m and EBITDA increased by 1% year-on-year. 

The company has 867,000 broadband connections, that's up by 13,000 during the 12 weeks.

It has 58,000 TV customers - that's an increase of 8% compared to the previous quarter.

Underlying revenue grew by €5m, or 2% year-on-year.