Meta shares rallied Wednesday after delivering another quarterly earnings report that topped Wall Street’s expectations, extending the sizzling stock's winning streak as the company leaves its metaverse slipup in the rearview mirror.... [+]Meta reported $32 billion of sales and $2.98 earnings per share, beating consensus analyst estimates of $31.1 billion of revenue and $2.91 earnings per share, according to FactSet.
In its earning release, Meta projected sales during the current quarter to come in between $32 billion and $34.5 billion — smashing consensus estimates of $31.1 billion
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta earnings rise on digital ads, AI push as revenue jumps 11%Facebook parent Meta is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock initially jumped 7% in after-hours trading Wednesday before cooling. $META reported fiscal Q2 net income of $7.79 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »
Meta Q2 Revenue Up 11% to $32 Billion in Earnings BeatMeta turned in a healthy 11% uptick in revenue for the second quarter of 2023, topping Wall Street expectations and signaling the social giant’s ad business is recovering after last year&821…
Source: Variety - 🏆 108. / 63 Read more »
Stock Market Today: What to Watch Ahead of Alphabet, Microsoft EarningsStock futures were steady ahead of a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »
Dow stock edges higher after earnings fall sharply but still beat estimatesDow Inc.’s stock was slightly higher premarket after the chemicals company posted a big decline in second-quarter earnings but still topped consensus...
Source: MarketWatch - 🏆 3. / 97 Read more »
3M stock rallies as adjusted profit and sales beat expectations, and the earnings guidance was raisedShares of 3M Co. rallied 3.1% toward a four-month high in premarket trading Tuesday, after the consumer, industrial and health care products company reported...
Source: MarketWatch - 🏆 3. / 97 Read more »
Don't buy Tractor Supply's stock ahead of likely earnings miss, BofA warnsTractor Supply stock fell Tuesday after BofA Securities downgraded it two days before the farm- and ranch-products retailer reports quarterly results.
Source: MarketWatch - 🏆 3. / 97 Read more »