News Formal

Meta Crushes Wall Street Earnings Estimates As It Ramps Up AI Spending

  • 📰 THR
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The company saw its net income soar by 35 percent compared to a year ago.

Platforms Inc., the owner of Facebook, Instagram and WhatsApp, handily beat Wall Street estimates in its third-quarter earnings, delivering revenue of $40.6 billion, net income of $15.7 billion and earnings per share of $6.03, all up substantially from 2023.

The company also warned that regulatory efforts in the U.S. and E.U. “could significantly impact our business and our financial results.” “We had a good quarter driven by AI progress across our apps and business,” said Mark Zuckerberg, Meta founder and CEO. “We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses.”Erin Lassner. We use vendors that may also process your information to help provide our services.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 411. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Bron: BreitbartNews - 🏆 610. / 51 Lees verder »

Wells Fargo shares jump after earnings top Wall Street expectationsThe San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Bron: NBCPhiladelphia - 🏆 569. / 51 Lees verder »