Meta stock surges after earnings beat with a $64 billion revenue, but operating profits slumped

Meta shares jumped 2.5% in extended trading Wednesday after the Facebook parent beat Wall Street’s third-quarter revenue expectations, bringing in $64.60 billion against forecasts of $63.37 billion. While Meta’s revenues surged by 26%, its operating income was negatively affected, giving investors an ambiguous perspective on the firm’s financial health. Earnings came to $3.83 per share,...