Meta revenue of $64.60 billion exceeds expectations, shares rise after earnings report but operating profit declines

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Meta reported third-quarter revenue of $64.60 billion, above Wall Street expectations of $63.37 billion. Shares rose 2.5% in after-hours trading following the earnings report, but operating profit was negatively affected. The company expects fourth-quarter revenue of $73 billion to $76 billion and adjusted its annual investment outlook to $135 billion to $145 billion, with a focus on data centers and AI training equipment.