META · PEAD ↓ 67

Meta reported Q3 2026 EPS of $7.40 on 2026-10-21, beating the $6.52 consensus by $0.88 (+13.5%).

Print-day reaction on 2026-10-21 was a modest +0.47% versus the prior close — a near-flat response despite a sizeable EPS beat. The overnight gap into 2026-10-22 told a sharply different story, with the stock opening down -3.0%, signalling material after-hours selling pressure. Over the following two trading sessions the price drifted a further -2.8%, compounding rather than recovering the overnight loss. Cumulative abnormal return of -8.7% versus SPY.US puts this firmly in PEAD short territory; per the documented drift pattern, the read is held through 2027-01-18.