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Meta Platforms announced earnings per share of $1.64 on revenue of $27.71. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $27.57B.
Meta Platforms shares are down 4.3% from the beginning of the year, still down 63.31% from its 52 week high of $353.83 set on November 22, 2021.
Meta Platforms shares lost 10.85% in after-hours trade following the report.
Meta Platforms’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Verizon had beat expectations on Friday with third quarter EPS of $1.32 on revenue of $34.2B, compared to forecast for EPS of $1.29 on revenue of $33.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
