Meta Platforms: Q3 Earnings Snapshot

MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported third-quarter profit of $11.58 billion.

On a per-share basis, the Menlo Park, California-based company said it had net income of $4.39.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.

The social media company posted revenue of $34.15 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $33.45 billion.

For the current quarter ending in December, Meta Platforms said it expects revenue in the range of $36.5 billion to $40 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META