Meta Reports $4.71 EPS Vs. $4.32 Est. Revenue $36.46B Vs. Est. 36.16B

Moomoo 24/7 ·  Apr 24 16:07

$Meta Platforms (META.US)$ reported first-quarter earnings above analyst expectations, with earnings per share of $4.71 compared to $4.32 expected on revenue of $36.46B vs estimates of $36.6B. The stock fell 10%. The CFO Outlook stated a midpoint revenue range of $37.75B for 2024, while analysts expected $38.3B.

The firm reported the "Family of Apps" or main products like Facebook and Instagram pulled in most of the revenue, while Reality Labs brought in $440M. The firm reported an EPS about $0.60 lower in Q1 than the previous quarter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment