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Published 11 days ago

Meta topped forecasts for the quarter, but delivered disappointing revenue forecasts - the stock plunges in late trading

Summary by כלכליסט- www.calcalist.co.il

FACEBOOK'S PARENT COMPANY REVENUE SURGED 27% IN THE FIRST QUARTER - THE SHARPEST RATE SINCE 2021 - AND TOPPED ANALYSTS' FORECASTS; NET INCOME PER SHARE WAS ALSO HIGHER THAN EXPECTED; HOWEVER REVENUE FORECAST FOR THE SECOND QUARTER WAS LOWER THAN ANALYSTS' FORECASTS

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כלכליסט- www.calcalist.co.il

Meta topped forecasts for the quarter, but delivered disappointing revenue forecasts - the stock plunges in late trading

FACEBOOK'S PARENT COMPANY REVENUE SURGED 27% IN THE FIRST QUARTER - THE SHARPEST RATE SINCE 2021 - AND TOPPED ANALYSTS' FORECASTS; NET INCOME PER SHARE WAS ALSO HIGHER THAN EXPECTED; HOWEVER REVENUE FORECAST FOR THE SECOND QUARTER WAS LOWER THAN ANALYSTS' FORECASTS

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