Meta Platforms, Inc. (NASDAQ:META) released its third-quarter earnings report after Wednesday's closing bell. Here's what to know: 

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The Details: Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68.

On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.

Quarterly revenue of $51.24 billion, which beat the Street estimate of $49.38 billion and was a 26.25% increase over revenue of $40.58 billion from the same period last year.

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“We had a strong quarter for our business and our community,” said Mark Zuckerberg, Meta founder and CEO.

“Meta Superintelligence Labs is off to a great ...