Meta Platforms Q3 2024 Adj. EPS $6.03 Beats $5.25 Estimate, Sales $40.589B Beat $40.286B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms reported Q3 2024 earnings per share of $6.03, surpassing the analyst estimate of $5.25. The company's sales reached $40.589 billion, exceeding the expected $40.286 billion and marking an 18.87% increase from the previous year.
October 30, 2024 | 8:07 pm
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Meta Platforms' Q3 2024 earnings exceeded expectations with an EPS of $6.03 and sales of $40.589 billion, both beating analyst estimates. This performance reflects a significant year-over-year sales growth of 18.87%.
Meta's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The significant year-over-year sales growth further strengthens investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100