Meta Stock Gains After Q3 Revenue Beat and Strong Q4 Guidance
Photo: CoinCentral
TLDR Meta (META) stock rose about 2.5% in extended trading after Q3 revenue of $64.6 billion beat estimates of $63.37 billion. Q3 EPS was $3.83, which included a $9.9 billion legal charge. Without it, EPS would have been $7.40. Q4 revenue guidance of $73 billion to $76 billion topped the $73.73 billion analyst estimate. Operating margin fell to 35% from 40%, and free cash flow turned negative. Morgan Stanley raised its price target to $820 from $775 and kept an Overweight rating. Meta (META) stock rose about 2.5% in extended trading on Wednesday after the company beat third-quarter revenue estimates.
Source: CoinCentral
