Meta Platforms, Inc. Profit Advances In Q4, Beats Estimates

(RTTNews) - Meta Platforms, Inc. (META) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $20.838 billion, or $8.02 per share. This compares with $14.017 billion, or $5.33 per share, last year.

Analysts on average had expected the company to earn $6.76 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 20.6% to $48.385 billion from $40.111 billion last year.

Meta Platforms, Inc. earnings at a glance (GAAP) :

-Earnings: $20.838 Bln. vs. $14.017 Bln. last year. -EPS: $8.02 vs. $5.33 last year. -Revenue: $48.385 Bln vs. $40.111 Bln last year.