For the company as a whole, Meta reported adjusted quarterly earnings per share for the third quarter of $1.64, missing the analyst consensus estimate of $1.90, according to FactSet, while Meta’s overall revenue of $27.7 billion beat estimates of $27.4 billion. It guided for Q4 revenue between $30 billion to $32.5 billion, which at its midpoint of $31.25 billion was short of the consensus estimate of $32.3 billion.
Source: https://www.coindesk.com/business/2022/10/26/facebook-parent-meta-misses-revenue-estimates-for-metaverse-division-in-q3-expects-losses-to-grow-in-2023/?utm_medium=referral&utm_source=rss&utm_campaign=headlines