US30303M1027 - Common Stock
META earnings call for the period ending September 30, 2024.
Curious about which S&P500 stocks are showing activity after the closing bell on Wednesday?
Meta stock was trading lower late Wednesday after the Facebook parent reported Q3 earnings and sales that exceeded expectations.
Social network operator Meta Platforms (NASDAQ:META) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 18.9% year on year to $40.59 billion. The company expects next quarter’s revenue to be around $46.5 billion, close to analysts’ estimates. Its GAAP profit of $6.03 per share was 13.9% above analysts’ consensus estimates.
Meta Platforms Inc. projected stronger-than-expected holiday quarter sales, saying that the company’s heavy investments in artificial intelligence have also helped to improve its core advertising business.
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.
/PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024. "We had a good quarter driven by...
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Snap Inc. declined after projecting sales for the holiday quarter that fell short of analysts’ estimates, a sign the video and messaging company is still struggling to compete with larger peers like Meta Platforms Inc. and Alphabet Inc.’s Google despite an overhaul of its advertising business.
Meta stock has rocketed more than 500% from its late-2022 nadir but faces a test of its strength Wednesday with its Q3 earnings report.
Broadcom stock jumped on a report that OpenAI is partnering with the fabless chipmaker to develop an AI inferencing processor.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Wednesday to uncover the stocks that are gapping in the S&P500 index.
META PLATFORMS INC-CLASS A (NASDAQ:META) is not too expensive for the growth it is showing.