Current location:International Issue news portal > style
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
International Issue news portal2024-04-25 16:46:19【style】5People 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/san-antonio-car-wreck-lawyer/
Very good!(1)
Related articles
- For them the war really is over! WW2 prisoner
- Married teacher caught naked in car with male student, 17, is the wife of Harvard
- Paris Hilton backs California bill to bring more transparency to youth treatment facilities
- Shanghai airports see surge in inbound foreign travelers in Q1
- Man United 4
- Inaugural Golden Panda Awards aims to boost global cultural exchanges
- NBA attendance: League says 71% of games this season were sellouts
- Marlins' Jake Burger placed on injured list with left intercostal muscle strain
- Protests at US campuses are pressing colleges to cut financial ties with Israel
- Over 11 million Chinese people benefit from major disease insurance
Popular articles
- Hairy Biker Dave Myers left wife Liliana £1.4m it's revealed
- Donald Trump brings his campaign to the courthouse as his criminal hush money trial begins
- Sports betting roundup: Scottie Scheffler was a popular pick at the Masters, and then he won
- Prominent New York church, sued for gender bias, moves forward with male pastor candidate
Recommended
Pascal Siakam leads resurgent Pacers offense in 125
Texas A&M rides dominating sweep of Vandy to top of college baseball rankings
Raiders pass rusher Maxx Crosby says he has recovered from a knee injury that limited practice time
China to speed up development of new quality productive forces: top legislator
Bella Hadid is fact
Will Brennan homers, Guardians beat Red Sox 6
Photo exhibition in Macao displays ancient civilization in Shanghai
Texas A&M rides dominating sweep of Vandy to top of college baseball rankings
Links
- Annual College Entrance Exam Concludes in Some Parts of China
- Feature: Young Chinese Street Dancers Pursuing Olympic, Asiad Dream
- China Sees Improved Ecological Vegetation Quality in 2022
- Hangzhou Asiad Medal Design Unveiled with 100 Days to Go
- Marriage Registrations Fall to Record Low in China
- Maternal, Infant Mortality Drop to Record Low in China
- China's Ancient Symbols Light up Upcoming World University Games
- Getting Ready for Gaokao
- China to Ensure Women Employees' Rights, Interests
- EconomyInFocus