Meta Stock Faces $786.31 Resistance Ahead of Oct. 21 Earnings

Meta will publish its third-quarter results after the market closes Oct. 21 and hold a conference call at 4:30 p.m. ET (20:30 UTC). The company projected third-quarter revenue of $61 billion to $64 billion. Higher sales did not translate into stronger operating income. Operating income declined 8% in the second quarter as costs increased 55% to $42 billion. Meta’s artificial intelligence plans remain another focus for the earnings report. The company has outlined expected annual capital spending of $130 billion to $145 billion, reflecting the scale of its investment in AI infrastructure and related capacity.

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