Meta Platforms: Q3 Earnings Snapshot

MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported third-quarter profit of $2.71 billion.

The Menlo Park, California-based company said it had net income of $1.05 per share. Earnings, adjusted for pretax expenses, were $7.25 per share.

The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $6.61 per share.

The social media company posted revenue of $51.24 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $49.45 billion.

For the current quarter ending in December, Meta Platforms said it expects revenue in the range of $56 billion to $59 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META

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