Meta earnings live: Meta Q3 earnings to test Wall Street's stomach for AI spending

Meta (META) will kick off Big Tech's earnings season when it reports its third quarter results after the bell on Wednesday.For the third quarter, Meta is expected to post earnings per share of $3.56 on revenue of $63.3 billion, according to Bloomberg analyst consensus estimates. That's up from the $1.05 and $51.2 billion the company reported in Q3 last year.Capital expenditures, however, are projected to increase 117% year over year to $41 billion. Meta's Reality Labs segment is expected to see an operating loss of $5.2 billion. Read more.