Meta stock surges after earnings beat with a $64 billion revenue, but operating profits slumped
By Jai Hamid
Meta shares jumped 2.5% in extended trading Wednesday after the Facebook parent beat Wall Street’s third-quarter revenue expectations, bringing in $64.60 billion against forecasts of $63.37 billion. While Meta’s revenues surged by 26%, its operating income was negatively affected, giving investors an ambiguous…
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