{"id":7533,"date":"2022-10-26T21:38:08","date_gmt":"2022-10-26T19:38:08","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/10\/26\/meta-shares-drop-as-company-announces-mixed-quarterly-results\/"},"modified":"2022-10-26T21:38:08","modified_gmt":"2022-10-26T19:38:08","slug":"meta-shares-drop-as-company-announces-mixed-quarterly-results","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/10\/26\/meta-shares-drop-as-company-announces-mixed-quarterly-results\/","title":{"rendered":"Meta shares drop as company announces mixed quarterly results"},"content":{"rendered":"<p>Facebook parent company\u2019s revenue was 4% less than the same period last year as it struggles to compete with TikTok<\/p>\n<p>Shares in Meta dropped on Wednesday after the company announced mixed results in its third quarter earnings report, beating analyst predictions for revenue but offering a weak forecast for the upcoming quarter.<\/p>\n<p>The Facebook parent company posted $27.7bn in revenue for the third quarter, higher than the $27.4bn predicted but 4% less than the same period last year. Its earnings per share, which accounts for expenses, was $1.64 \u2013 lower than the $1.89 predicted.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/oct\/26\/meta-earnings-report-facebook-stocks\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/889d7dde1a70bc33bbb780ef9876f31f4bbf4acf\/0_84_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=6ca696ba9bc8865836e5d76814d650d5\" title=\"Meta shares drop as company announces mixed quarterly results\" \/>Facebook parent company\u2019s revenue was 4% less than the same period last year as it struggles to compete with TikTok<br \/>\nShares in Meta dropped on Wednesday after the company announced mixed results in its third quarter earnings report, beating analyst predictions for revenue but offering a weak forecast for the upcoming quarter.<br \/>\nThe Facebook parent company posted $27.7bn in revenue for the third quarter, higher than the $27.4bn predicted but 4% less than the same period last year. Its earnings per share, which accounts for expenses, was $1.64 \u2013 lower than the $1.89 predicted. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook parent company\u2019s revenue was 4% less than the same period last year as it struggles to compete with TikTok Shares in Meta dropped on Wednesday after the company announced mixed results in its third quarter earnings report, beating analyst predictions for revenue but offering a weak forecast for the upcoming quarter. The Facebook parent &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/10\/26\/meta-shares-drop-as-company-announces-mixed-quarterly-results\/\"> <span class=\"screen-reader-text\">Meta shares drop as company announces mixed quarterly results<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7533"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7533"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7534"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7533"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}