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Meta Platforms: Q3 Earnings Snapshot
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MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported third-quarter earnings of $9.86 billion.

The Menlo Park, California-based company said it had profit of $3.83 per share. Earnings, adjusted for non-recurring costs, were $7.40 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.52 per share.

The social media company posted revenue of $64.6 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $63.41 billion.

For the current quarter ending in December, Meta Platforms said it expects revenue in the range of $73 billion to $76 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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