Meta beats on Q3 revenue, but misses on earnings per share.
Meta reported its Q3 earnings after the bell on Wednesday. And while they beat on revenue, they missed on earnings per share. Wall Street was expecting them to report earnings per share of $6.72%.They had a$15. Now, they say this is related to a tax charge one time, so it shouldn't be an ongoing issue. That's not why the stock is under pressure.The real reason appears to be the increase in capital expenditures. The company originally said that they were going to spend between 66 and 72 billion on capex in 2 ...