Meta Platforms (META) surpassed earnings and revenue estimates, with positive outlook for future performance.

From Nasdaq: 2024-10-30 17:20:14

Meta Platforms (META) reported quarterly earnings of $6.03 per share, beating estimates by 16.18%. Revenues reached $40.59 billion, exceeding expectations by 0.95%. The stock has gained 67.6% year-to-date. Investors are now looking at the company’s earnings outlook to determine future performance. SurgePays, Inc. (SURG) is expected to report a quarterly loss of $0.22 per share.

Meta Platforms’ future performance will hinge on earnings outlook and industry trends. The company has a Zacks Rank #2 (Buy), indicating potential outperformance. Analysts expect earnings of $6.33 per share for the next quarter and $21.47 for the fiscal year. The Internet – Software industry is currently ranked in the top 33% of Zacks industries.

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Read more at Nasdaq: Meta Platforms (META) Beats Q3 Earnings and Revenue Estimates