© Reuters Meta (Facebook) missed forecasts for financial results and beat forecasts for Q3 revenue
The company Meta (Facebook (NASDAQ:)) published its financial reports for the third quarter, in which it was lower than expectations and revenues that exceeded the estimates of the analysts.
The company reported earnings per share of $1.64 and revenue of $27.71. Investing.com analysts had expected earnings per share of $1.93 and revenue of $27.57B. {{paragraph::Parallel_Quarter_Last_Year}}.
In the corresponding quarter last year, the company reported earnings per share of $ and revenues of $ {{/paragraph::Parallel_Quarter_Last_Year}}. .
Meta (Facebook)’s stock price is down 4.3% year-to-date, still 63.31% below its 52-week high of $353.83 set on November 22, 2021.
After the publication of the reports Meta (Facebook) shed its value 10.85% and is trading at $115.74 in trading hours after the close..
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