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via finance.yahoo.comMarkets

Meta posts first negative quarterly free cash flow since 2012; shares fall 6.6%

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Meta Platforms Inc. grew revenue 26% in the third quarter and beat its own forecast. It also spent more money than it brought in, a first in more than a decade of quarterly cash…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishNegative free cash flow at a mega-cap weighs on the stock, despite analysts raising targets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta recorded negative quarterly free cash flow of $2.12 billion.
  2. 02A year earlier, free cash flow was $10.63 billion.
  3. 03Shares fell 6.6% to $651.05 in morning trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.METAStock642.62 USDMarket closedtoday -0.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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