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facebook-developerShares of Facebook hit an all-time high in after-hours trading today after the social media giant beat analyst estimates for its third quarter earnings.

Facebook posted $4.5 billion in revenue and $0.57 earnings per share for the third quarter, which beat Wall Street’s expectations of $4.37 billion in revenue and $0.52 earnings per share.

The company now has 1 billion daily active users (up 17 percent) and 1.55 billion monthly active users (up 14 percent). For its mobile product, Facebook has 894 million daily active users and 1.39 billion monthly active users.

“We had a good quarter and got a lot done,” Facebook CEO Mark Zuckerberg said in a statement. “We’re focused on innovating and investing for the long term to serve our community and connect the entire world.”

Facebook’s mobile advertising revenue now represents 78 percent of its total advertising revenue, which is up from 66 percent last year.

The company’s stock went up 3 percent in after-hours trading, but has come down a bit since to $105 per share. Facebook’s market cap is now close to $300 billion.

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