Meta Platforms: Q4 Earnings Snapshot

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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META

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