MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported fourth-quarter net income of $20.84 billion.
On a per-share basis, the Menlo Park, California-based company said it had net income of $8.02.
The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $6.68 per share.
The social media company posted revenue of $48.39 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $46.97 billion.
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