Current location:politics >>
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
politics3People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Planet Pages news portal”。http://elsalvador.izmirambar.net/article-4b699344.html
Related articles
Cristiano Ronaldo to lead Portugal into record sixth European Championship
politicsLISBON, Portugal (AP) — Cristiano Ronaldo is set to make a record sixth appearance at the European C ...
【politics】
Read moreChina's development brings new opportunities for global growth
politicsBy Wang Siyuan (Xinhua) 11:35, March 26, 2024BEIJING, March 25 (Xinhua) -- While the world economy i ...
【politics】
Read moreChina's PPI down 2.7 pct in February
politics(Xinhua) 11:29, March 09, 2024Robots work on an assembly line of a factory of a private enterprise i ...
【politics】
Read more
Popular articles
- New Zealand Black Caps fans look to Twenty20 World Cup with hope, trepidation
- China's online transactions rise during Spring Festival holiday
- Shota Imanaga continues strong start to major league career as Cubs top Mariners 4
- REVEALED: The US cities where home prices have DOUBLED the fastest
- Garcia, Winker go deep as Nats end slide, beat struggling Twins 12
- China expands transport network to facilitate high
Latest articles
Massey, Perez hit homers to lead Royals in 8
China identifies 15,000 projects to be backed by 1
China expands transport network to facilitate high
China has 3,617 listed manufacturing companies by January
NASCAR star Kyle Larson is embracing his Indianapolis 500 debut, right down to milking a cow
New focus boosting global supply chains
LINKS
- Foldable phones surge in popularity amid stagnant market
- Mayor of S.Korean capital Seoul found dead
- Chinese, Qatari medical experts hold video conference on fighting COVID
- NYC paints Black Lives Matter mural in front of Trump Tower
- Interview: IMF official warns lack of vaccination in low
- Peng Liyuan Visits Vietnam National University, Hanoi
- Iran, Syria sign agreement to expand comprehensive military cooperation
- Xi Urges All
- Three giant pandas born in Belgium to head back to China
- Iran, Syria sign agreement to expand comprehensive military cooperation