US EditionMeta Shares Rise in Frankfurt After Results, Capital Plans
4 Articles
4 Articles
Meta shares rise in Frankfurt after results, capital plans
Meta shares rose almost 7% in early Frankfurt trading on Thursday, after several brokers raised their target prices following results in which the Instagram owner forecast first-quarter revenue above Wall Street expectations.
Meta Platforms, the parent company of Facebook, WhatsApp, and Instagram, was a standout performer on the New York stock exchanges on Thursday after well-received earnings. Microsoft also released its results, but those results disappointed Wall Street investors, and its stock fell sharply.
The action of Meta (Facebook, Instagram, WhatsApp) was triggered on Thursday on the New York Stock Exchange, the day after the publication of quarterly results higher than expected, while that of Microsoft sank, after its performance did not convince the market.By 15H10 GMT, Meta's action skyrocketed by 7.59%, up to US$ 719.50, which means an increase in stock capitalization of more than US$ 150 billion.On the other hand, Microsoft's title plumm…
As the market opens, Microsoft was punished for the quarterly figures they released yesterday. Meta fared better.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
