Invesitng.com -- Meta Platforms reported Wednesday third-quarter results that topped Wall Street expectations and stronger guidance for the current quarter as cost cuts boosted margins.adjusted EPS of $4.39 on revenue of $34.15 billion. Analysts polled by Investing.com anticipated EPS of $3.64 on revenue of $33.57B.
Total costs and expenses were $20.40 billion, a decrease of 7% year-over-year, boosting operating margin to 40% in Q3 from 20% a year earlier.Facebook daily active users, or DAUs, rose 7% to 3.14B, while monthly active people, or MAUs, rose 3% to 3.05B. Looking ahead, the company said it expects third quarter revenue to be in the range of $36.5B to $40B, beating estimates for $38.84B.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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