Meta Stock Jumps on Strong Earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The Facebook parent reported revenue of $34.2 billion, up 23% from a year ago.

Meta Platforms shares are headed higher in late trading Wednesday after the company posted better-than-expected quarterly results.For the quarter ended Sept. 30, the parent of Facebook, Instagram, WhatsApp, and Threads reported revenue of $34.2 billion, up 23% and above the Wall Street consensus forecast at $33.5 billion.

Meta also reported strong usage growth, with “daily active people” up 7% from a year ago, to 3.14 billion. “Monthly active people” reached 3.96 billion, up 7%. On Facebook, daily active users were 2.09 billion, up 5%; while monthly actives were 3.05 billion, up 3%. Meta also reduced its 2023 expense forecast to a range of $87 billion to $89 billion, from a previous range of $88 billion to $91 billion. Capital spending is now forecast to fall between $27 billion and $29 billion, down from a previous estimate of $27 billion to $30 billion.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Dow Futures Rise; Bitcoin JumpsEarnings seasons heats up again, with Microsoft and Google parent Alphabet among the companies reporting
La source: WSJ - 🏆 98. / 63 Lire la suite »