Meta stock craters over bleak forecast and expensive metaverse bets

Stifel Weighs in on Meta Platforms (META) Following Results

Stifel analyst Mark Kelley offers comments on Meta Platforms (NASDAQ: META) following earnings.

The analyst commented, "Meta reported slightly better 3Q22 revenue of $27.7bn vs consensus $27.4bn, with advertising revenue ahead of the Street, while Other and Reality Labs revenue were below.... More

Goldman Comments on Meta Platforms (META) Q3 2022 Earnings

Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More

Meta Platforms (META) Tumbles On Earnings Miss - Will Shrink Some Teams

Meta Platforms (NASDAQ: META) shares jumped before falling in after-hours trading on Wednesday after the company posted third-quarter results, missing analyst profit estimates.

Meta Platforms shares initially rose up to 5% before immediately retracing. They are down over 11% at the time of writing.

The social media and metaverse company reported earnings per share of $1.64, $0.29 worse than the analyst estimate of $1.93, while revenue for the quarter came in at $27.71 billion versus the consensus estimate of $27.57 billion. Revenue decreased by 4% year-over-year, with the company stating that foreign exchange... More

JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings

JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More