Reported 27 days ago
Meta reported its Q3 earnings, surpassing analysts' expectations with EPS of $6.03 on revenue of $40.5 billion while forecasting Q4 revenue between $45 billion and $48 billion. Despite this, Meta's stock dropped due to concerns over rising capital expenditures projected at $38-$40 billion for 2024. The company is investing heavily in AI, rolling out its Llama model and developing new augmented reality products, although it faces significant legal challenges and uncertainty in infrastructure spending.
Source: YAHOO