Meta stock tanks after earnings beat

06:00pm, Wednesday, 24'th Apr 2024
Meta Platforms (META) posted first-quarter earnings results above analyst estimates, posting adjusted earnings of $4.71 per share and $36.46 billion in revenue. Meta shares plummeted by over 10% after
Meta's Q1 earnings report reveals it was off by at least $5 billion in capital expenditures. The report said costs are expected to increase as the company invests "aggressively" in AI.
Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading.
According to a proxy filing statement, the lion's share of this "other compensation" covered Zuckerberg's security costs.

META, CMG Earnings Just Released

05:47pm, Wednesday, 24'th Apr 2024
Meta Platform's (META) 1Q adjusted EPS came in at $4.71 versus an estimated $4.32 and revenue came in at $36.46B versus an estimated $36.28B. Caroline Woods and Kevin Green discuss these earnings as M
Andrew Boone, Citizens JMP managing director, joins 'Closing Bell Overtime' to talk Meta Q1 earnings.
Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year.
Meta Platforms (META) shares tumbled over 12% in after-hours trading Wednesday despite an earnings beat as the company provided weak guidance and raised the lower end of its projected full-year expen
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Angelo Zino, CFRA Research senior equity analyst, reacts to Meta Platforms' first-quarter earnings report on Bloomberg Television. The Facebook parent reported revenue of $36.5 billion in the first
Meta's shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
CNBC's Julia Boorstin and G Squared's Victoria Greene join 'Closing Bell Overtime' with Meta Q1 results.
Mark Douglas, CEO and president of MNTN, joins CNBC's 'The Exchange' to discuss Meta's ad revenue, the impact of a potential TikTok ban, and more.
Push to integrate AI into Meta products boosts financial results, with sales and profits beating analysts' expectations
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) shares plunged more than 12% after the Facebook, Instagram and WhatsApp owner raised its expenses forecast for the full year to account for its inves
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