Social media giant Meta, which owns Facebook and Instagram, among other things, delivered a better result than the market expected for the third quarter.
Meta's adjusted profit per share for the quarter was 6.03 dollars, according to the interim report. This can be compared to the analysts' average forecast of 5.25 dollars per share. The company's revenue for the quarter landed at 40.6 billion dollars, equivalent to approximately 432 billion kronor. The market's revenue forecast was 40.3 billion dollars.
Six out of seven tech giants, the so-called "The magnificent seven", are delivering their interim reports this week, with two on Wednesday: Meta and Microsoft. The seventh, Tesla, presented its last week.
