Is Meta Platforms Stock a Buy Now?

Meta Platforms (NASDAQ: META) posted its third quarter earnings report on Oct. 25. The social media giant's revenue rose 23% year over year to $34.1 billion and exceeded analysts' expectations by $700 million. Its net income jumped 164% to $11.6 billion, or $4.39 per share, and also cleared the consensus forecast by $0.76.

Meta's growth rates were impressive, yet its stock still slumped after the report. Let's review the key numbers to see if that post-earnings dip is a buying opportunity.

Meta Platforms CEO Mark Zuckerberg. Image source: Meta Platforms.

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Source Fool.com