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

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