Meta drops 7% despite Q3 earnings beat and strong outlook
FROM THE WIRE · FINANCE.YAHOO.COM
Shares of Meta Platforms META dropped nearly 7% on the bourses yesterday, despite reporting better-than-expected third-quarter 2026 results on Oct. 21, 2026. The slump experienced by the social media giant's shares was primarily led by negative free cash flow and an upward…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA nearly 7% drop in a mega-cap moves tech ETFs, driven by negative free cash flow and higher capex guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Meta shares fell nearly 7% after Q3 2026 results beat expectations.
- 02Negative free cash flow and an upward revision to the lower end of capex guidance weighed.
- 03Long-term debt rose 38% year over year to $80.9 billion in the third quarter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.648.85 USDAwaiting tradestoday -6.98%Negative Vanguard Communication Services ETF181.56 USD-1.16%today -1.16%Negative Fidelity MSCI Communication Services Index ETF68.55 USD-1.03%today -1.03%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets