Real Money’s Eric Jhonsa live blogs Meta’s earnings report and conference call with management.
With Meta Platforms’ stock down more than 60% on the year and fellow digital ad giant Alphabet having missed estimates yesterday, it’s safe to say expectations are fairly low heading into Meta’s latest earnings report.
Among analysts polled by FactSet, the consensus is for the social-media giant to report third-quarter revenue of $27.44 billion (down 5% annually) and GAAP EPS of $1.90 (down 41%).
Meta typically provides quarterly sales guidance in its earnings report. The company’s revenue consensus for the seasonally big fourth quarter stands at $32.3 billion (down 9% annually).
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging Meta’s earnings report, along with a conference call with management that’s scheduled for 5 P.M. Eastern Time.
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3:46 PM ET: Hi, this is Eric Jhonsa. I’ll be live-blogging Meta’s earnings report and call.
