Economy Country October 31, 2024

Meta's Quarterly Earnings Exceed Expectations

Meta reported a quarterly earnings of $6.03 per share, surpassing forecasts. However, daily active users growth was below analysts' expectations, prompting a slight drop in stock prices.


Meta's Quarterly Earnings Exceed Expectations

The company Meta announced financial results for the third quarter, previewing analytical forecasts. Despite the growth of the daily active audience by 5% to 3.29 billion users, which is slightly lower than the expected 3.31 billion, the share price dropped by approximately 2%.

The company forecasts revenues of $45 to $48 billion in the fourth quarter. Earnings per share amounted to $6.03, exceeding expectations by $5.25, while revenue reached $40.59 billion, slightly surpassing expectations of $40.29 billion set by LSEG.

In addition, the company announced that total financial expenses are expected to be between $96 and $98 billion in 2024.