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Meta Platforms: Q4 Earnings Snapshot

MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported fourth-quarter profit of $22.77 billion.

On a per-share basis, the Menlo Park, California-based company said it had profit of $8.88.

The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $8.21 per share.

The social media company posted revenue of $59.89 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $58.59 billion.

For the current quarter ending in March, Meta Platforms said it expects revenue in the range of $53.5 billion to $56.5 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META

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Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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