Don't let the after-hours stock action fool you, Meta delivered one heck of a strong quarter and rosy revenue guidance.
Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Revenue in the three months ended Sept. 30 rose nearly 19% year over year to $40.59 billion, outpacing the $40.29 billion expected, according to analysts' estimates compiled by LSEG. Earnings per share in the third quarter jumped more than 37% to $6.03, exceeding the LSEG's consensus EPS estimate of $4.25.
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses.
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