MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported third-quarter net income of $15.69 billion.
On a per-share basis, the Menlo Park, California-based company said it had net income of $6.03.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $5.19 per share.
The social media company posted revenue of $40.59 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $40.21 billion.
For the current quarter ending in December, Meta Platforms said it expects revenue in the range of $45 billion to $48 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META