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02.02.2022 22:08:31
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Meta Platforms, Inc. Bottom Line Retreats In Q4, misses estimates
(RTTNews) - Meta Platforms, Inc. (FB) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $10.29 billion, or $3.67 per share. This compares with $11.22 billion, or $3.88 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $3.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 20.0% to $33.67 billion from $28.07 billion last year.
Meta Platforms, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $10.29 Bln. vs. $11.22 Bln. last year. -EPS (Q4): $3.67 vs. $3.88 last year. -Analyst Estimates: $3.84 -Revenue (Q4): $33.67 Bln vs. $28.07 Bln last year.
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