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Benzinga
13 hrs

These Analysts Revise Their Forecasts On Meta Platforms Following Q3 Results

1. Meta reported Q3 EPS of $1.05, adjusted EPS at $7.25. 2. Quarterly revenue of $51.24 billion exceeded estimates by $1.86 billion. 3. Meta projects Q4 revenue between $56 billion and $59 billion. 4. Shares dropped 9.3% post-earnings announcement, currently at $681.60. 5. Analysts maintain 'Buy' with varied price target adjustments.

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FAQ

Why Bearish?

Despite strong earnings, the drop in share price indicates investor concerns. A significant non-cash charge and reduced price targets can lead to bearish sentiment.

How important is it?

The article details major earnings results and analyst sentiments, influencing investor behavior significantly.

Why Short Term?

Short-term impacts are evident due to immediate share price reaction and changing analyst perspectives. Longer-term stability depends on future guidance and execution.

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