Meta shares soared Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected
Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year amid cost cuts.
Analysts... Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year amid cost cuts. Analysts polled by FactSet expected Meta to post fourth-quarter revenue of $31.55 billion on earnings of $2.26 a share, and the beat on sales coincided with a revenue forecast that also met or exceeded expectations. Facebook Chief Financial Officer Susan Li projected first-quarter sales of $26 billion to $28.5 billion, while analysts on average were projecting first-quarter sales of $27.2 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Schiff, Whitehouse slam Meta for decision to allow Trump back on Facebook, Instagram: ‘Inexplicable’Top Democrats are demanding Meta provide answers on why it reinstated former President Trump to Facebook and Instagram, calling the decision “inexplicable.”
Consulte Mais informação »
FTC Loses Antitrust Challenge to Facebook Parent MetaA federal judge declined to halt Meta’s acquisition of the virtual-reality startup Within Unlimited, delivering a setback to antitrust enforcers at the Federal Trade Commission seeking to block the deal.
Consulte Mais informação »
Snap's earnings may hold positive news for Meta, GoogleA rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet , analysts said on Wednesday.
Consulte Mais informação »
5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Consulte Mais informação »
Winter Storm Warning issued for North Texas through Wednesday morningA Winter Storm Warning has been issued for most of North Texas as there is a wintry mix possible Monday through Wednesday morning.
Consulte Mais informação »