Published 10 days ago

Meta shares sink 11% on weak revenue guidance

Meta exceeded Wall Street's first-quarter earnings expectations, but predicted a significant slowdown in growth, leading to a plunge in its stock value.
Fueled by rising costs in the metaverse segment, Meta raised its full-year expense outlook, impacting the stock's previously strong growth narrative.
Despite beating sales and earnings forecasts, Meta's stock dropped 10% in trading, potentially reaching its lowest price since February.

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CNBC

Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

10 days ago·United States

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Benzinga

Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock - Meta Platforms (NASDAQ:META)

Social media and technology company Meta Platforms (NASDAQ:META) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Meta reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. The revenue came in ahead of a Street consensus estimate of $36.16 billion, according to data from Benzinga Pro. The company reported earnings per share of $4.71 in the first qu…

10 days ago·New York, United States

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Bloomberg

Meta Projects Higher Spending, Weaker Revenue Amid AI Push

Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.

10 days ago·United States

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Business Insider

Meta earnings results: shares tumble 17% after hours despite beating estimates; stock down on weak revenue guidance

Matt McClain/The Washington Post/GettyMeta reported first-quarter earnings on Wednesday.Mark Zuckerberg talked about Meta's plans to invest more in AI.Shares tumbled 17% in after-hours trading.Meta reported first-quarter earnings on Wednesday after the closing bell.The company reported revenue and earnings-per-share that beat consensus analyst estimates. But shares slid after Meta gave a range for second-quarter sales that was on the light side …

10 days ago·United States

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Forbes

Meta Stock Tanks 10% Despite Big Earnings Beat

Meta’s robust growth during the first quarter reflects the social media giant’s dramatic recovery in recent years, but the company's guidance left much to be desired.

11 days ago·United States

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Seeking Alpha

Meta Platforms GAAP EPS of $4.71 beats by $0.39, revenue of $36.46B beats by $240M

Meta Platforms, the parent company of Facebook, reported strong Q1 earnings with beats on both EPS and revenue.

10 days ago·United States

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Meta shares sink 11% on weak revenue guidance

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Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock - Meta Platforms (NASDAQ:META)

Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock - Meta Platforms (NASDAQ:META)

Meta Projects Higher Spending, Weaker Revenue Amid AI Push

Meta Projects Higher Spending, Weaker Revenue Amid AI Push

Meta earnings results: shares tumble 17% after hours despite beating estimates; stock down on weak revenue guidance

Meta earnings results: shares tumble 17% after hours despite beating estimates; stock down on weak revenue guidance

Meta Stock Tanks 10% Despite Big Earnings Beat

Meta Stock Tanks 10% Despite Big Earnings Beat

Meta Platforms GAAP EPS of $4.71 beats by $0.39, revenue of $36.46B beats by $240M

Meta Platforms GAAP EPS of $4.71 beats by $0.39, revenue of $36.46B beats by $240M

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