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Meta Platforms Inc. (NASDAQ:META) posted upbeat earnings for the third quarter on Wednesday.
Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.
Quarterly revenue of $51.24 billion, which beat the Street estimate of $49.38 billion and was a 26.25% increase over revenue of $40.58 billion from the same period last year.
"We had a strong quarter for our business and our community," said Mark Zuckerberg, Meta founder and CEO.
The company said it sees fourth-quarter revenue in a range of $56 billion to $59 billion, versus the $57.21 billion analyst estimate. Meta also increased its FY25 capital expenditure guidance
Meta shares fell 9.3% to $681.60 in pre-market trading.
These analysts made changes to their price targets on Meta following earnings announcement.
Considering buying META stock? Here’s what analysts think:

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Posted In: META