Meta's $34.15 Billion Q3 Revenue Shines Surpassing Expectations, Yet Stock Slides 4%
Portfolio Pulse from Zaheer Anwari
Meta Platforms Inc reported Q3 2023 revenue of $34.15 billion and earnings per share of $4.39, surpassing expectations. Despite the positive earnings, the company's stock closed down 4.17% for the day. However, the stock has seen a substantial increase of 144% over the year. The company's forecast for Q4 shows promising revenue growth.
October 26, 2023 | 2:20 pm
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Meta's Q3 2023 earnings exceeded expectations, but the stock fell 4.17% on the day. The stock has increased 144% over the year, and Q4 forecasts show promising growth.
Despite Meta's strong Q3 earnings, the stock fell, indicating that positive earnings don't always lead to stock price increases. However, the stock's substantial YoY increase and promising Q4 forecasts suggest potential for future growth.
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