Meta Platforms Posts Q3 Earnings of $9.86 Billion, Beating Analyst Estimates

Meta Platforms Inc. (META) reported third-quarter earnings of $9.86 billion on Wednesday, with adjusted earnings of $7.40 per share surpassing the $6.52 average estimate from six analysts surveyed by Zacks Investment Research. The Menlo Park, California-based social media company posted per-share profit of $3.83 on an unadjusted basis. Revenue for the period reached $64.6 billion, exceeding the $63.41 billion forecast by ten Zacks analysts. Looking ahead, Meta said it expects revenue in the range of $73 billion to $76 billion for the current quarter ending in December. The company's shares trade under the ticker META on Nasdaq.