Meta Platforms Inc., the parent company of Facebook, Instagram and WhatsApp, reported a blowout Q3, with its revenue and profits surging.
The company reported revenue of $34.1 billion and net income of $11.6 billion, up 23 percent and 164 percent year over year, respectively. Wall Street had been expecting revenue of $33.6 billion, EPS of
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GM earnings blast forecasts, but $200 million a week strike costs torpedo 2023 outlookGM said the historic UAW strike action is costing it $200 million a week, forcing it to pull its 2023 profit forecasts despite better-than-expected third quarter earnings.
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General Electric surges on Q3 earnings beat, 2023 profit forecast boostGE Aviation once again powered the group's third quarter top and bottom lines, with GE now forecasting full-year free cash low north of $5 billion.
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