Meta Platforms Stock News: META loses 4% as Q4 uncertainty prevails on earnings beat

📆 2023/10/27 0:37:00
📰 FXStreetNews

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Meta Platforms (META), the owner of Facebook, Instagram and WhatsApp, saw its stock price decline over 4% at Thursday’s open in its first regular ses

Meta Platforms stock sells off one day after beating consensus on Q3 earnings.

shares are encircling $289 at the time of writing, though shares dropped mid-session to as low as $279.40. The last 24 hours have been a tale of “fours” for Meta Platforms. Prior to earnings, the stock price dropped 4% on Wednesday, rose 4% initially afterhours on the earnings beats, then opened down over 4% on Thursday. The

has pulled back another 1.1% on Thursday, while the S&P 500 has slid 0.7%. Meta Platforms stock earnings: Q4 advertising uncertainty sends shares lower Meta Platforms reported third-quarter GAAP earnings per share of $4.39. This was an incredible 21% above consensus from Wall Street. Revenue also trounced consensus by $700 million, coming in at $34.15 billion.

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