06:01 AM EDT, 10/31/2024 (MT Newswires) -- (Updates with the stock move in the last paragraph.)

Meta Platforms ( META ) reported Q3 diluted earnings late Wednesday of $6.03 per share, up from $4.39 a year earlier.

Analysts polled by Capital IQ expected $5.29.

Revenue for the quarter ended Sept. 30 was $40.59 billion, up from $34.15 billion a year earlier.

Analysts surveyed by Capital IQ expected $40.31 billion.

Meta expects Q4 revenue to be $45 billion to $48 billion. The consensus in a Capital IQ poll is for revenue of $46.24 billion.

The company adjusted its full-year 2024 total expense forecast to $96 billion to $98 billion, from $96 billion to $99 billion set out previously.

The company expects full-year 2024 capital expenditures to be $38 billion to $40 billion, compared with the prior range of $37 billion to $40 billion.

Shares of the company were down 3.7% in recent premarket activity Thursday.

Price: 570.12, Change: -21.68, Percent Change: -3.66