Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Revenue in the three months ended Sept. 30 rose nearly 19% year over year to $40.59 billion, outpacing the $40.29 billion expected, according to analysts' estimates compiled by LSEG. Earnings per share in the third quarter jumped more than 37% to $6.03, exceeding the LSEG's consensus EPS estimate of $4.25.
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: