Meta rides AI boom to stellar quarterly earnings, but slightly less than expected
Meta Platforms(META) The Guardian·2024-10-31 04:38
Meta's blowout year continues after the company reported another stellar financial quarter on Wednesday. Shares fell in after-hours trading. Wall Street analysts had high expectations for the Instagram and WhatsApp parent company, projecting an 18% jump in sales year over year. The company reported $40.6bn in sales, a 19% increase year over year that outpaced investor expectations of $40.19bn. Meta, which saw a 25% jump in its share price over the past two months, reported $6.03 in earnings per share (EPS), ...