Meta, Microsoft beat Q3 2024 earnings expectations amid AI push …

Oct 30, 2024 · Microsoft reported $65.59 billion in revenue during that three-month period, easily clearing the expected $64.51 billion, representing a 16% increase from the previous year. “We …

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Meta, Microsoft Beat Q3 2024 Earnings Expectations Amid AI Push …

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Oct 30, 2024 · Microsoft reported $65.59 billion in revenue during that three-month period, easily clearing the expected $64.51 billion, representing a 16% increase from the previous year. “We …

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AI Powers Meta’s Strong Q3 Growth: Profits Soar - Forbes

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3 days ago · By Yiannis Zourmpanos. Summary. Meta's Q3 2024 revenue grew 19% YoY to $40.6 billion, driven by strong ad performance across Facebook, Instagram, and WhatsApp. …

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AI Boosts Meta And Microsoft Q3 Earnings, But Outlook Sours …

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Oct 31, 2024 · AI boosts Meta and Microsoft Q3 earnings, but outlook sours stock prices ... Q3 revenues were up 19% year-on-year to $40.6 billion and beat Wall Street estimates of $40.2 …

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Microsoft Reports Big Profits Amid Massive AI Investments

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Oct 30, 2024 · The fiscal quarter, which covered July through September, saw overall sales rise 16 percent year over year to $65.6 billion. Despite all that AI spending, profits were up 11 …

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Meta Q3 Earnings Show AI Spending And Profits Surging - Quartz

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Oct 30, 2024 · Meta saw $15.69 billion in net income last quarter, or $6.03 per share, up from $11.58 billion in the same quarter last year, the company reported after the markets closed on …

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Meta Stock: Q3 Earnings Beat Expectations But Stock Slides

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04:16 PM ET 10/31/2024. Meta Platforms (META) on Wednesday reported third quarter earnings ahead of expectations, powered by a 19% revenue increase. But Meta stock dipped in …

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Microsoft Earnings Jump On AI Demand - WSJ - The Wall Street …

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Apr 25, 2024 · Photo: Michael M. Santiago/Getty Images. Microsoft ’s MSFT 0.13% profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services, …

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Meta Q3 Earnings: Wall Street Expects Big Growth - Quartz

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Oct 28, 2024 · Meta is expected to report earnings per share of $5.21 when it posts third-quarter results after-the-bell Wednesday, according to estimates compiled by FactSet (FDS+0.53%). …

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Microsoft Sales, Profit Beat Expectations On AI Demand

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Apr 25, 2024 · Microsoft Sales, Profit Beat Expectations on AI Demand. ... Analysts on average estimated per-share earnings of $2.83 on sales of $60.9 billion. The shares jumped in late …

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Meta Sales Up As AI Drives Ads - LinkedIn

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Oct 30, 2024 · Meta’s Q3 2024 saw ad revenue surge 19% to $39.89 billion, driven by a 7% rise in ad impressions and an 11% increase in ad prices. CEO Mark Zuckerberg attributes this …

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Meta Stock Rising Ahead Of Q3 Earnings. Investors Watching AI …

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Oct 30, 2024 · Q3 Expectations For Meta Stock. Analysts polled by FactSet see Meta posting a 19% increase in earnings, to $5.21 per share. Sales are seen rising 17.7% to $40.2 billion. …

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SuperCom Ltd. (SPCB) Q3 2024 Earnings Call Transcript

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3 days ago · The quarterly performance in Q3, revenue Increased to $6.91 million, up from $6.78 million in Q2 of last year, driven new price wins and expansions of the is contract.

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FAQs about Meta, Microsoft beat Q3 2024 earnings expectations amid AI push … Coupon?

How did meta perform in the quarter of 2024?

MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024. "We had a good quarter driven by AI progress across our apps and business," said Mark Zuckerberg, Meta founder and CEO. ...

How much did meta make last quarter?

Meta saw $15.69 billion in net income last quarter, or $6.03 per share, up from $11.58 billion in the same quarter last year, the company reported after the markets closed on Wednesday. Wall Street had expected $13.49 billion in profit, or $5.21 per share, according to estimates compiled by FactSet. Meta earnings are coming this week. ...

How did meta platforms perform in Q3 2024?

Meta Platforms, Inc. (META, Financial) delivered solid Q3 2024 results, depicting the company's overall robust revenue growth, ad performance, and engagement across the core platforms. The total revenue for the quarter increased by 19% year over year (YoY) and reached $40.6 billion. ...

How much will Meta spend in fiscal 2024?

Meta said it expects total expenses for fiscal 2024 to be in the range of between $96 billion and $98 billion, which is lower than previous guidance of $96 billion to $99 billion. Meta’s advertising revenue came in at $39.9 billion for the quarter, up 18.7% year over year. ...

How did meta's business perform in 2023?

Still, the division posted an operating loss of $4.4 billion compared to a $3.7 billion loss for the same period in 2023. Meta's Family of Apps business, meanwhile, posted an operating profit of $21.8 billion. ...

Is meta a good stock to buy ahead of Q3 earnings?

Meta Stock Rising Ahead Of Q3 Earnings. Investors Watching AI Spending, Ad Strength. Meta Platforms (META) stock has rocketed more than 500% from its late-2022 nadir. But the Facebook parent's stock faces a test of its strength later today, when third-quarter results come due. Zuckerberg Is Investing Billions On AI. ...