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Meta jumps 4% after beating revenue and profit expectations in the third quarter

FinanceInternationalXTB.com30 s readAI summary
Image: XTB.com

Meta reported third-quarter revenue of $64.6 billion, above the $63.33 billion expected, and earnings per share of $3.83, driven by advertising. Its shares rose 4% and lifted the Nasdaq. Operating income came in below expectations at $12.99 billion versus an estimated $20.85 billion, and the company raised its annual expense forecast to between $175 billion and $179 billion, including a $9.9 billion legal charge.

In 30 seconds

  • Meta brought in $64.6 billion in third-quarter revenue, above the $63.33 billion expected.
  • Earnings per share were $3.83, supported by the strength of its advertising business.
  • Operating income of $12.99 billion fell short of the estimated $20.85 billion.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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