Nasdaq Dragged Lower by Meta, Microsoft Earnings
Digest more
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed. Cramer discussed the market’s reaction to the company’s earnings, as he stated: “And Meta, wasn’t it just a glorified advertising site?
Meta Platforms Inc. (NASDAQ: META) posted upbeat earnings for the third quarter on Wednesday. Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.
The S&P 500 and the Nasdaq Composite closed lower on Thursday, as Meta and Microsoft fell on worries over surging AI spending, while investors also digested a more hawkish tone from the U.S. Federal Reserve.
We recently published 10 Stocks Moving on Buzzing News as Analyst Issues Strong Warning About AI Valuations. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks moving on buzzing news. Stephanie Link,
Benzinga on MSN
Stock Market Today: S&P 500, Nasdaq Futures Advance As Amazon Leads Gains—Apple, Netflix, Reddit In Focus
U.S. stock futures advanced on Friday after a day of decline on Thursday. Futures of major benchmark indices were higher. Amazon.com Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) drove gains on Friday after their strong quarterly results.
Live Updates Live Coverage Updates appear automatically as they are published. Get The Best Meta Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Meta, market updates,
U.S. stocks opened higher on Wednesday morning, with the three benchmark indexes trading at their record levels as investors look ahead to the Federal Reserve's [interest-rate decision](
Investors in Meta Platforms Inc (Symbol: META) saw new options begin trading today, for the November 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the META options chain for the new November 28th contracts and ...