Shares of Meta Platforms, Inc. (NASDAQ:META) are falling Thursday after the company released its third-quarter earnings.

META is encountering selling pressure. Review the technical setup here.

What To Know: 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. The company reported third-quarter revenue of $51.24 billion, beating estimates of $49.39 billion.

Meta shares were trading down around 10% following the report, according to Benzinga Pro.

The weakness in shares appears to be partly due to a surge in spending. Meta said it expects capital expenditures for 2025 to be between $70 billion and $72 billion, versus prior guidance of $66 billion to $72 billion.

The company also noted ...