Current location:International Issue news portal > opinions
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
International Issue news portal2024-04-25 13:52:31【opinions】6People have gathered around
IntroductionFacebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance.
Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, in the January-March period. That’s up from $5.71 billion, or $2.20 per share, in the same period a year earlier.
Revenue rose 27% to $36.46 billion from $28.65 billion.
Analysts, on average, were expecting earnings of $4.32 per share on revenue of $36.14 billion, according to a poll by FactSet.
For the current quarter, the Menlo Park, California-based company said it expects revenue between $36.5 billion and $39 billion. Analysts are expecting revenue of $38.25 billion for the second quarter, which is higher than the midpoint of Meta’s guidance range.
Address of this article:http://www.olivelawfirm.net/tag/mitsubishi-auto/
Very good!(8)
Related articles
- German leader says Europe must keep increasing aid to Ukraine after US approves new military help
- Mets' turnaround from 0
- CMG to host major art exhibition in Paris featuring over 200 works
- Justin Bieber goes shirt
- New Clemson coach Poppie adds former Alabama starting point guard McQueen to his program
- Solomon Islands observes campaign blackout day ahead of election — Radio Free Asia
- China's Hou breaks world record at IWF World Cup
- Impeachment articles against Mayorkas to be sent to Senate
- Prince Louis wore Prince George's £25 hand
- Myanmar's tourism minister extends welcome to Chinese tour group
Popular articles
Recommended
America's best public high school is revealed, as judges of prestige survey hail students' college
Chengdu, a rising megacity based on sound governance
Former All Blacks head coach Ian Foster secures a new role in Japan
Mets' turnaround from 0
Authorities in Togo are cracking down on media and the opposition, report says ahead of election
Wanderlust will spark recovery
Zhang wins historic all
Atletico oust Inter on penalties to reach UCL quarters
Links
- Chinese carriers cut losses in 2023, aim for return to profit this year
- Hometown hero soars in Shanghai
- Book on Xi's Sci
- Domestic oil, gas production hits record in 2023
- Book on Xi's Sci
- Sensing success
- Xizang's maternal, infant mortality rates at record low
- Book on Xi's Sci
- Messi, Bonmati lead Ballon d'Or nominees
- Over 600 enterprises sign up for 7th CIIE