"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."
"Shares of Meta Platforms Inc. (NASDAQ: META) gained 1.04% over the past five trading sessions after gaining 1.44% the five prior. The fallout from concerns over its AI CapEx announced during the company's Q3 earnings report caused the stock to correct more than 21%, but since bottoming on Nov. 19, shares of META are up 12.82%. The Magnificent Seven member's year-to-date performance stands at a gain of 11.14%."
"This year, META announced - alongside authorizing a $50 billion stock buyback - that shares of META would begin paying a dividend. 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."
Meta's shares recovered after correcting over 21% following AI CapEx concerns, rising 12.82% since Nov. 19 and up 11.14% year-to-date. Q3 revenue totaled $51.24 billion, beating expectations, with adjusted EPS of $7.25 surpassing estimates while GAAP EPS of $1.05 missed significantly. Third-quarter sales rose 26% year-over-year, the highest since FY2024 Q1. The company authorized a $50 billion stock buyback and began paying a dividend, yielding 0.33% or $2.08 annualized. Meta is expanding beyond social media into broader tech and prioritizing heavy AI investments that shape multi-year price forecasts. Revenue grew dramatically from 2014 to 2024.
Read at 24/7 Wall St.
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