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.
Earnings
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.
Past Earnings Performance
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 |
| 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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