Meta's shares fell more than 8% in after-hours trading after reporting earnings per share of just $1.05, well below the expected $6.67.

The figure was impacted by a non-recurring accounting adjustment of $15.9 billion… without it, EPS would have been $7.25, a clear beat.

On the other hand, revenue surprised positively ($51.2 billion vs. estimated $49.4 billion), showing that the core business remains robust.

The market is now assessing whether the drop opens up a buying opportunity before the repricing.