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

FinanceInternationalXTB.com35 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. For the fourth quarter it projects revenue of between $73 billion and $76 billion and raised its annual expense forecast to $175-179 billion, including a $9.9 billion legal charge.

In 35 seconds

  • Meta beat revenue and earnings-per-share expectations in the third quarter, with $64.6 billion in revenue.
  • Operating income was $12.99 billion, below the estimated $20.85 billion.
  • The company raised its annual expense forecast to a range of $175 billion to $179 billion, including a $9.9 billion legal charge.
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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