Meta Platforms Stock Slips Despite Delivering Record Revenue. Is It Time to Buy the Dip?

Meta Platforms (NASDAQ: META) shares slipped following its third-quarter results, despite the company posting record revenue in the quarter that topped expectations. However, investor focus once again turned to spending, with the company indicating that it would continue to ramp up its capital expenditures (capex) to take advantage of the artificial intelligence (AI) opportunity it sees in front of it.Let's take a close look at Meta's Q3 earnings guidance and AI ambitions to see if investors should be buying this modest pullback in the stock.Meta turned in record Q3 results, as its revenue jumped 19% year over year to $40.6 billion. Ad revenue climbed nearly 19% to $39.9 billion, while Reality Labs, which is home to Meta's metaverse and the augmented reality headsets, saw revenue jump by 29% year over year to $270 million. Operating income from apps came in at $21.8 billion, while Reality Labs generated a loss of $4.4 billion. Earnings per share (EPS) surged 37% year over year to $6.03.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool