By Josh White
Date: Wednesday 26 Oct 2022
LONDON (ShareCast) - (Sharecast News) - Meta Platforms reported a dire set of numbers after the close, meanwhile, with third quarter earnings more than halving to $4.39bn from $9.2bn.
That was on the back of total sales of $27.17bn, down from $29bn year-on-year, while earnings per share came in at $1.64 per share, well below the $1.90 expected by analysts.
"While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth," said chief executive Mark Zuckerberg in a statement .
"We're approaching 2023 with a focus on prioritisation and efficiency that will help us navigate the current environment and emerge an even stronger company."
Meta shares ended the session down 5.59%, and were then 18.75% weaker in after-hours action.
Reporting by Josh White for Sharecast.com.
Email this article to a friend
or share it with one of these popular networks:
Currency | US Dollars |
Share Price | $ 504.22 |
Change Today | $ -15.34 |
% Change | -2.95 % |
52 Week High | $527.34 |
52 Week Low | $281.53 |
Volume | 15,855,137 |
Shares Issued | 2,211.00m |
Market Cap | $1,114,830m |
Strong Buy | 25 |
Buy | 24 |
Neutral | 8 |
Sell | 2 |
Strong Sell | 0 |
Total | 59 |
Time | Volume / Share Price |
16:00 | 3,893,465 @ $504.22 |
16:00 | 100 @ $504.22 |
16:00 | 730 @ $503.89 |
16:00 | 100 @ $503.90 |
16:00 | 200 @ $503.92 |
You are here: research