Meta's latest earnings beat overshadowed by slowing 4Q ad sales outlook. What the pros say

📆 10/26/2023 2:54 PM
📰 CNBC

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Pros on CNBC discussed Meta after the company reported third-quarter results that beat expectations but forecasted slowing ad sales in the fourth quarter.

Market Movers rounded up the latest reactions to Meta from investors and analysts. The pros, including Jim Cramer , discussed the tech giant after it reported third-quarter results. With the help of digital ad spending growth, the company reported revenue increased 23%, its fastest rate since 2021.

The Facebook parent's stock popped in after hours trading Wednesday but reversed its gains after management warned of fourth-quarter ad softness due to the unpredictability of the Israel-Hamas war . Meta closed the trading session down 3.7% and is currently held in Cramer's Charitable Trust portfolio.

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