FX.co ★ Meta Platforms, Inc. Bottom Line Rises In Q4, Beats estimates

Meta Platforms Inc., formerly Facebook Inc., recently disclosed its financial performance for the fourth quarter, which outperformed the previous year and surpassed Street estimates.

The company's earnings amounted to a staggering $14.02 billion or an equivalent of $5.33 per share. This is a massive leap from last year's fourth-quarter results, which were calculated at $4.65 billion or $1.76 per share.

Projected earnings for Meta were anticipated to hit approximately $4.96 per share, as compiled by Thomson Reuters. Worth noting is that these predictions often overlook unique, occasional items.

The revenues for the quarter witnessed a 24.7% increase, hiking to $40.11 billion from the prior year's $32.17 billion.

Here is a quick view of the earnings of Meta Platforms Inc under Generally Accepted Accounting Principles (GAAP):

- Q4 Earnings: $14.02 billion, a significant jump from $4.65 billion observed in the previous year.

- Q4 Earnings Per Share (EPS): $5.33, compared to $1.76 during the same period the previous year.

- Analyst Estimate: $4.96

- Q4 Revenue: $40.11 billion, a decent climb from $32.17 billion last year.

As for future projections, Meta forecasted that revenue for the next quarter would settle somewhere between $34.5 billion and $37 billion.