Meta Crushes Wall Street Earnings Estimates As It Ramps Up AI Spending ...Middle East

Meta Platforms Inc., the owner of Facebook, Instagram and WhatsApp, handily beat Wall Street estimates in its third-quarter earnings, delivering revenue of $40.6 billion, net income of $15.7 billion and earnings per share of $6.03, all up substantially from 2023. The Street had been targeting revenue of $40.3 billion and EPS of $5.25. However, the […] The post Meta Crushes Wall Street Earnings Estimates As It Ramps Up AI Spending appeared first on NY Times News Today.

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