Meta Fails to Impress Despite Q3 Earnings Beat: ETFs in Focus
Meta Platforms(META) ZACKS·2024-11-01 00:00
After the closing bell on Oct. 30, Facebook’s parent company, Meta Platforms (META) came up with better-than-expected third-quarter 2024 results. The company beat on both the top and bottom lines but shares dropped 3% in aftermarket hours on warnings of more spending (see: all the Communication ETFs here).ETFs with a large allocation to this social media giant are in focus. These include iShares Global Comm Services ETF (IXP) , Fidelity MSCI Communication Services Index ETF (FCOM) , Vanguard Communication ...