Meta Platforms: Q3 Earnings Insights

Meta Platforms META reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Meta Platforms missed estimated earnings by 14.14%, reporting an EPS of $1.64 versus an estimate of $1.91.

Revenue was down $1.30 billion from the same period last year.

Last quarter the company missed on EPS by $0.15 which was followed by a 5.22% drop in the share price the next day.

Here's a look at Meta Platforms's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	2.61	2.56	3.84	3.19
EPS Actual	2.46	2.72	3.67	3.22
Revenue Estimate	28.97B	28.21B	33.38B	29.58B
Revenue Actual	28.82B	27.91B	33.67B	29.01B

To track all earnings releases for Meta Platforms visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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