As a seasoned gamer with a knack for keeping my fingers on the pulse of tech giants like Facebook (META), I must say the Q3 2024 earnings report has left me quite intrigued. The company’s performance, with a whopping $40.69 billion in revenue and EPS of $6.03, surpassing expectations, is nothing short of impressive.
Facebook’s parent company, Meta Platforms Inc., has released their Q3 2024 financial report. Notably, they surpassed the estimated earnings per share (EPS) and revenue for this quarter. This means that their performance in terms of profitability and income was better than what analysts had anticipated.
Today, after market hours closed, Facebook unveiled its Q3 2024 earnings report, revealing a revenue of approximately $40.69 billion. This figure surpasses the projected revenue of $40.3 billion. In terms of EPS (Earnings Per Share), Facebook earned $6.03 per share, which exceeds the anticipated EPS of $5.25.
According to Mark Zuckerberg, the founder and CEO of Meta, we experienced a successful quarter thanks to advancements in AI within our applications and overall business. Additionally, there is growing interest in Meta AI, as well as the use of Llama and AI-enhanced eyewear.
During extended trading, the value of Facebook (Meta Platforms Inc.) stocks initially decreased, but later recuperated. The lowest it fell was $574.87, then it rose to $591.99.
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2024-10-30 23:57