Meta Tops Q3 Revenue Estimates, But Earnings Hit By Teen Lawsuit Settlement; Stock Split Creates Class C Shares
What happened
Meta’s third-quarter revenue beat Wall Street expectations, but earnings took a hit from the company’s settlement of a lawsuit filed on behalf of teenage social media users. Revenue for the July-to-September period set a new record at $64 billion, beating the consensus forecast of analysts of $63.3 billion. Earnings per share of $3.83 also beat […]
Summary assembled by rule from the sources below