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Meta earnings beat, boosted by ad revenue rebound, cost cuts

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Social media giant Meta Platforms (META) reported third quarter results that beat analyst estimates on both the top and bottom lines. Earnings of $4.39 per...

on both the top and bottom lines. Earnings of $4.39 per share handily beat Wall Street expectations of $3.70 and the $34.15 billion in revenue topped estimates of $33.51 billion. Meta benefited from stronger-than-expected ad revenue as well as the costs cuts stemming from CEO Mark Zuckerberg's".

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