Current location:health >>
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
health8341People 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.“Stellar Standpoint news portal”。http://spratlyislands.fictionsmistress.com/article-9e199884.html
Related articles
Harris accepts debate invite to face off with Trump's VP pick, which may come at convention
healthWASHINGTON (AP) — Vice President Kamala Harris has accepted an invitation from CBS News to debate fo ...
【health】
Read moreRussian landing ship Caesar Kunikov sunk off Crimea, says Ukraine
healthBy Paul Kirby, BBCThe Caesar Kunikov off the coast of Bulgaria in 2014. Photo: Supplied/AFP ...
【health】
Read moreREVEALED: The VERY strict 'decorum rules' that passengers aboard NUDE cruise have to follow
healthLeave fetish wear at home and always sit on a towel; these are just a couple of the rules in place w ...
【health】
Read more
Popular articles
- Defending champion South Carolina to open season in Las Vegas against Michigan
- Fascinating video goes inside old Boeing 737 plane that has been transformed into a luxury cliff
- Grab a key (literally) and unlock the secrets of Denbigh, a forgotten corner of North Wales
- Moment car almost smashes into a horse as police release footage of heart
- Iran helicopter crash: President Raisi, the supreme leader's protege, dies at 63
- Irish Hollywood producer reveals the star
Latest articles
Digital technologies restore looks of 2,200
I cycled 625 miles around Taiwan without ANY training
Inside Britain's most northerly hotel in the Shetland Islands
Moment car almost smashes into a horse as police release footage of heart
Jerry Seinfeld's stand
Gas prices are on the rise again. Here's where experts say they are going next.
LINKS
- Massachusetts House launches budget debate, including proposed spending on shelters, public transit
- The US is now allowed to seize Russian state assets. How would that work?
- Former Seattle WNBA champion Sue Bird joins Storm ownership group
- How major US stock indexes fared Wednesday, 4/24/2024
- Atalanta beats 10
- Bella Hadid is fact
- Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California
- Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California
- China unveils guidelines on improving voluntary service system
- Former Playboy model Holly Madison, 44, reveals she has had her cellulite SURGICALLY removed