Meta (META) stock falls after Q3 earnings miss targets

Meta's (META) shares dropped in extended trading following a disappointing revenue forecast and a significant decline in free cash flow. The company's earnings per share were $6.18, below expectations of $7.22, and revenue totaled $60.80 billion, slightly exceeding estimates of $60.17 billion. Meta anticipates revenue of $61 billion to $64 billion for the upcoming quarter, which is below analyst expectations of $63.15 billion. Free cash flow fell from $8.55 billion a year prior to $784 million this quarter, which may concern investors about the company's financial health amid increased investments in AI.