“Meta again exceeded Wall Street’s expectations on Wednesday when it reported earnings for the quarter ended in September, in another sign that the company’s “year of efficiency” turnaround strategy continues to deliver.
“The strong results come as Meta says it has “substantially completed” the layoffs portion of its cost cutting plan following a brutal 2022.
“The Facebook parent company posted year-over-year quarterly revenue gains of 23% to more than $34 billion, exceeding the $33.5 billion analysts had projected.”
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