Meta Q3 profit more than triples and revenue beats estimates
FROM THE WIRE · FINANCE.YAHOO.COM
Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as revenue climbed sharply. The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period. That's up from a profit of…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA quarterly beat from a mega-cap can move the stock and the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Meta reported net income of $9.86 billion, or $3.83 per share, versus $2.71 billion a year earlier.
- 02Revenue rose 26% to $64.60 billion, above the $63.34 billion expected by Wall Street analysts.
- 03The result includes a $9.89 billion charge tied to the $18 billion settlement with 48 U.S. states.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets