Meta Sets $135 Billion to $145 Billion 2026 Capital Spending Range as Tesla Profit Falls
Photo: TokenPost
The Nasdaq Composite fell 694 points, or 2.6%, to 26,008.86 on Thursday, Oct. 22, during a week of mixed technology company earnings. Meta reported revenue growth and a higher lower end to its 2026 capital-spending forecast, while Tesla reported lower third-quarter net income and diluted earnings per share. Meta’s third-quarter revenue rose 26% from a year earlier to $64.601 billion. Meta reported diluted earnings per share of $3.83. Its results included a $9.89 billion legal charge; Meta said earnings per share would have been $7.40 without the charge. Meta spent $34.91 billion on capital expenditures in the quarter.
Source: TokenPost
