Meta Platforms shares lost further ground in after-hours trading Wednesday in light of a mixed third-quarter earnings report.
The tech giant formerly known as Facebook delivered slightly better-than-expected revenue of $27.7 billion, but it slipped 4% from the year-ago quarter, reflecting a broad pullback by digital advertisers.
Wall Street analysts had expected $27.4 billion in revenue. Earnings per share of $1.64 fell well short of the consensus forecast for $1.90.
Facebook delivered something of a bright spot, posting a 3% uptick in daily active users, reaching 1.98 billion in September.
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