"When the company reported Q3 earnings on Oct. 29, it announced quarterly revenue of $51.24 billion, beating analysts' expectations of $49.41 billion by 26.2%. Adjusted EPS came in at $7.25, beating expectations of $6.69 by 20.2%. But GAAP ESP of $1.05 fell 82.6% short of expectations of $6.70. Still, the company's third-quarter sales rose 26% year-over-year, which is its highest revenue growth since FY 2024 Q1."
"And while its current yield of 0.33% may not seem like much, at its current price, that equates to 52 cents per share quarterly, or $2.08 per share annualized. As the dominant player in the social media landscape, Meta Platforms is now branching out more broadly into tech, and specifically, the artificial intelligence (AI) space. It is the latter that the company is most heavily investing in now, and for that reason, it is also the primary driver of 24/7 Wall St. price predictions."
Meta Platforms' shares declined amid investor concerns over AI capital expenditures, reducing year-to-date gains to 4.65%. Quarterly revenue reached $51.24 billion and adjusted EPS was $7.25, both beating analyst expectations, while GAAP EPS of $1.05 missed significantly. Third-quarter sales grew 26% year-over-year, the strongest since FY2024 Q1. The company authorized a $50 billion stock buyback and initiated a dividend yielding 0.33% (about $0.52 quarterly, $2.08 annualized). Meta is expanding beyond social media into broader technology and concentrating heavy investment in artificial intelligence. Ten-year results show revenue growth from $12.466 billion to over $164 billion.
Read at 24/7 Wall St.
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