Meta shares pop 12% after company reports first sales increase in four quarters, issues optimistic guidance

Meta's first-quarter sales rose 3% from $27.91 billion a year earlier, after three straight periods in which revenue declined. It wasn't immediately clear if the company's figure was comparable to analyst projections of $2.03.

. The company is "becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision," he said.

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Meta earnings preview: Can Facebook remain resilient amid online-ad downturn?Meta shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday when it reports results.
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