© Reuters. Meta Platforms Earnings Miss, Income Beats In Q3
Investing.com – Meta Platforms reported on Wednesday third quarter that missed analysts’ forecasts and income that topped expectations.
Meta Platforms introduced earnings per share of $1.64 on income of $27.71. Analysts polled by Investing.com anticipated EPS of $1.93 on income of $27.57B.
Meta Platforms shares are down 4.3% from the start of the 12 months, nonetheless down 63.31% from its 52 week excessive of $353.83 set on November 22, 2021.
Meta Platforms shares misplaced 10.85% in after-hours commerce following the report.
Meta Platforms follows different main Communication Companies sector earnings this month
Meta Platforms’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.06 on income of $69.09B, in comparison with forecasts EPS of $1.28 on income of $71.34B.
Verizon had beat expectations on Friday with third quarter EPS of $1.32 on income of $34.2B, in comparison with forecast for EPS of $1.29 on income of $33.78B.
Keep up-to-date on all the upcoming earnings studies by visiting Investing.com’s earnings calendar
