Meta reports $64 billion in Q3 revenue and announces 1-for-2 stock split
META Meta Platforms Inc
$642.26 -1.02%
View chart & analysis → - 1Meta recorded quarterly revenue of $64 billion, exceeding analyst expectations of $63.3 billion.
- 2Meta raised the lower end of its capital expenditure estimate from $135 billion to $145 billion.
- 3Meta announced a 1-for-2 stock split, issuing new non-voting Class C shares to all Class A shareholders.
So what's the key point?
Meta earned $64 billion in revenue, which was more than experts expected. The company decided to split its stock and increase its investment spending.
Source Yahoo Finance · View original ↗
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