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meta prepares to report third quarter earnings amid strong market performance
Meta is set to report its Q3 earnings, with analysts expecting earnings per share of $5.25 and revenue of $40.29 billion, reflecting an 18% year-over-year growth. The company's stock has surged nearly 70% this year, bolstered by strong earnings and significant investments in AI, despite concerns over slowing revenue growth. Meta's Reality Labs division continues to face challenges, with high expenses overshadowing sales, but excitement around its Orion AR glasses and Ray-Ban smart glasses may drive consumer interest.
earnings reports highlight key companies and expectations for upcoming results
This week, from October 28 to November 1, several publicly traded companies are set to release their quarterly earnings reports. Notable earnings include Acadia Realty Trust and Bank of Hawaii on Monday, American Tower and Comcast on Tuesday, and Altria and Bristol Myers Squibb on Thursday. The earnings calendar is regularly updated to reflect any changes.
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