Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance hits

Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year amid cost cuts.

Analysts... Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year amid cost cuts. Analysts polled by FactSet expected Meta to post fourth-quarter revenue of $31.55 billion on earnings of $2.26 a share, and the beat on sales coincided with a revenue forecast that also met or exceeded expectations. Facebook Chief Financial Officer Susan Li projected first-quarter sales of $26 billion to $28.5 billion, while analysts on average were projecting first-quarter sales of $27.2 billion.

Wow, just think of how much they could have made if they had tried just a little bit harder!

FOMO on steroids.

if $AAPL $GOOG and $AMZN follow with positive reports, will do a lot to boost the animal spirits again. MegaCapTech $META

It's a serious drop off.. But the market was super bullish today

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Snap's earnings may hold positive news for Meta, GoogleA rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet , analysts said on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. The federalreserve lost the battle with inflation. Can’t stop this train. It has slowed down a little but nothing really has changed. This is the new norm get used to it. People have cash, and they will spend. The Fed will raise interest rates by a quarter point. Chair Powell will say he’s committed to lower inflation. That the Fed still see increasing commodity prices and that their job isn’t done. The Fed will keep the interest rates high to prevent a resurgence in inflation.
Source: CNBC - 🏆 12. / 72 Read more »