Reported 27 days ago
Meta Platforms reported stronger-than-expected third-quarter earnings of $6.03 per share, surpassing analysts' estimates of $5.25, with total revenue at $40.59 billion, exceeding expectations. However, Reality Labs fell short with revenue of $270 million against an expected $312.8 million, leading to an operating loss of $4.43 billion. Looking ahead, Meta anticipates fourth-quarter revenue between $45-48 billion, slightly below analyst expectations.
Source: YAHOO