Meta Platforms, Inc. (META) on Wednesday reported first-quarter net income of $12.37 billion. The Menlo Park, California-based company said it had net income of $4.71 per share. The results topped Wall Street expectations.
Meta' aggressive push into AI development spooked Wall Street on Wednesday, despite the tech company reporting first quarter income that soared by 117% on revenues up 27% to $36.46 billion, both of which beat analysts' consensus estimates.
Meta reported first quarter revenue of $36.5 billion, up 27 percent from the year-earlier period and above Wall Street expectations. The company, which owns Facebook, Instagram and more, had issued guidance of $34.
Meta Platforms (NASDAQ:META) slid 10% in early reaction to first-quarter earnings where the company's revenues mostly met expectations and guidance for the current quarter came in on the light side. First-quarter revenues of $36.
While there’s a lot to parse through, the report clearly shows that Meta beat analyst expectations for earnings and revenue. Meta shared its Q1 2024 earnings report when markets closed today. Meta reeled in $36.
Meta Platforms (META) has already enjoyed year-to-date stock gains of almost 40%, besting the 4% rise in the S&P 500 index. Meanwhile, over the past year, the Facebook, Instagram and WhatsApp parent has surged 125%,
When Meta Platforms (NASDAQ:META) reports its first quarter results on Wednesday, the focus will be on the social media giant’s ad sales and commentary on its artificial intelligence investments. Wall Street expects the Menlo Park,
Meta Platforms (META) slid 10% in early reaction to first-quarter earnings where the companys revenues mostly met expectations and guidance for the current quarter came in on the light side.
Meta Platforms (META) slid 10% in early reaction to first-quarter earnings where the company's revenues mostly met expectations and guidance for the current qua