{"id":686155,"date":"2023-10-30T12:43:07","date_gmt":"2023-10-30T01:43:07","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=686155"},"modified":"2023-10-30T12:44:05","modified_gmt":"2023-10-30T01:44:05","slug":"meta-platforms-exceeds-q3-expectations","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/","title":{"rendered":"Meta Platforms exceeds Q3 expectations"},"content":{"rendered":"<p>Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg\u2019s company crushed analyst estimates for the quarter. Let\u2019s take a closer look at how the company and the stock has performed.<\/p>\n<p><b>The results<\/b><\/p>\n<p>Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) vs. $33.579 billion expected.<\/p>\n<p>EPS reported at $4.39 per share (up by 168% year-over-year) vs. $3.643 per share estimate.<\/p>\n<p>The company expects revenue of around $36.5 to $40 billion in Q4.<\/p>\n<p><b>CEO commentary<\/b><\/p>\n<p>&#8220;We had a good quarter for our community and business,&#8221; Mark Zuckerberg, CEO of Meta Platforms said in a statement to investors.<\/p>\n<p>&#8220;I&#8217;m proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio,&#8221; Zuckerberg added.<\/p>\n<p><b>The stock<\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-686156\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/10\/klavs-30-10-23.png\" alt=\"\" width=\"701\" height=\"433\" srcset=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/10\/klavs-30-10-23.png 701w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/10\/klavs-30-10-23-300x185.png 300w\" sizes=\"auto, (max-width: 701px) 100vw, 701px\" \/><\/p>\n<p>The stock was down by 3.73% at $288.35 a shon Thursday before the latest earnings were announced. However, the stock has experienced a tremendous year so far and is up by over 130% year-to-date.<\/p>\n<p><b>Stock performance<\/b><\/p>\n<ul>\n<li aria-level=\"1\">1 month: -3.95%<\/li>\n<li aria-level=\"1\">3 months: -11.41%<\/li>\n<li aria-level=\"1\">Year-to-date: +139.61%<\/li>\n<li aria-level=\"1\">1 year: +190.68%<\/li>\n<\/ul>\n<p><b>Mate Platforms stock price targets<\/b><\/p>\n<ul>\n<li aria-level=\"1\">Truist Securities: $405<\/li>\n<li aria-level=\"1\">RCB Capital: $400<\/li>\n<li aria-level=\"1\">Piper Sandler: $355<\/li>\n<li aria-level=\"1\">Wedbush: $350<\/li>\n<li aria-level=\"1\">Wells Fargo: $380<\/li>\n<li aria-level=\"1\">Barclays: $400<\/li>\n<li aria-level=\"1\">Rosenblatt: $411<\/li>\n<li aria-level=\"1\">Keybanc: $380<\/li>\n<li aria-level=\"1\">JP Morgan: $400<\/li>\n<\/ul>\n<p>Meta Platforms is the 7th largest company in the world with a market cap of $741.01 billion.<\/p>\n<p>You can trade Meta Platforms Inc. (NASDAQ:META) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with Wixad as a Share CFD.<\/p>\n<p>Wixad now offers pre-market and after-market trading on popular US Share CFDs, including Meta Platforms.<\/p>\n<p>Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.<\/p>\n<p><b>Why trade during extended hours?<\/b><\/p>\n<ul>\n<li aria-level=\"1\">Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours<\/li>\n<li aria-level=\"1\">Reduce your risk and hedge your existing positions ahead of a new trading day<\/li>\n<li aria-level=\"1\">Extended trading hours on popular US stocks means extended opportunities<\/li>\n<\/ul>\n<p>Sources: Meta Platforms Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg\u2019s company crushed analyst estimates for the quarter. Let\u2019s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2816],"tags":[],"class_list":["post-686155","post","type-post","status-publish","format-standard","hentry","category-shares-and-indices"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meta Platforms exceeds Q3 expectations - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meta Platforms exceeds Q3 expectations - Wixad\" \/>\n<meta property=\"og:description\" content=\"Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg\u2019s company crushed analyst estimates for the quarter. Let\u2019s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"Wixad\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T01:43:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T01:44:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/10\/klavs-30-10-23.png\" \/>\n<meta name=\"author\" content=\"Klavs Valters\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Klavs Valters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\"},\"author\":{\"name\":\"Klavs Valters\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/86faa7f2045bc4fe1ee29ace40df172d\"},\"headline\":\"Meta Platforms exceeds Q3 expectations\",\"datePublished\":\"2023-10-30T01:43:07+00:00\",\"dateModified\":\"2023-10-30T01:44:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\"},\"wordCount\":331,\"publisher\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/10\/klavs-30-10-23.png\",\"articleSection\":[\"Shares and Indices\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/meta-platforms-exceeds-q3-expectations\/\",\"name\":\"Meta Platforms exceeds Q3 expectations - 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(NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg\u2019s company crushed analyst estimates for the quarter. Let\u2019s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) ","link":"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/three-key-things-markets-will-be-watching-this-week\/","type":"next","category":"central-banks"},"previous":{"id":685786,"slug":"us-markets-take-a-hit-and-aussie-gives-back-cpi-gains","title":"US Markets take a hit and Aussie gives back CPI gains.","date":"2023-10-26 09:10:16","excerpt":"Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg\u2019s company crushed analyst estimates for the quarter. Let\u2019s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/us-markets-take-a-hit-and-aussie-gives-back-cpi-gains\/","type":"previous","category":"shares-and-indices"},"category":{"slug":"shares-and-indices"},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/686155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=686155"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/686155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=686155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=686155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=686155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}