Your current location:HOME >style >Meta more than doubles Q1 profit but revenue guidance pulls shares down after 正文
TIME:2024-05-22 10:29:42 Source: Internet compilationEdit:style
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance.
Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, in the January-March period. That’s up from $5.71 billion, or $2.20 per share, in the same period a year earlier.
Revenue rose 27% to $36.46 billion from $28.65 billion.
Analysts, on average, were expecting earnings of $4.32 per share on revenue of $36.14 billion, according to a poll by FactSet.
For the current quarter, the Menlo Park, California-based company said it expects revenue between $36.5 billion and $39 billion. Analysts are expecting revenue of $38.25 billion for the second quarter, which is higher than the midpoint of Meta’s guidance range.
Rajasthan Royals launch ANOTHER bid to invest in cash2024-05-22 10:18
Tighter U.S. chip curbs prompting concerns2024-05-22 10:16
IP system evolves as role of AI expands2024-05-22 09:43
Check out these water2024-05-22 09:22
Massey, Perez hit homers to lead Royals in 82024-05-22 08:50
U.S. puts new hurdles for Chinese cars2024-05-22 08:39
In pics: ruins of Subax buddhist temple in Xinjiang2024-05-22 08:37
Painting exhibition featuring China's natural beauty kicks off in Egypt's Opera House2024-05-22 08:24
NASCAR star Kyle Larson is embracing his Indianapolis 500 debut, right down to milking a cow2024-05-22 07:57
The Three2024-05-22 07:50
At least 6 Egyptian women die after vehicle slides off ferry and plunges into Nile River2024-05-22 10:01
IDC: China's GenAI sector investment surges2024-05-22 09:41
Egyptian builds China's Temple of Heaven with 22,000 matchsticks2024-05-22 09:31
CCPIT anticipates further international cooperation in second Expo2024-05-22 09:21
Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says2024-05-22 09:12
Family in NW China's Ningxia carries forward paper cutting culture2024-05-22 08:41
Villagers rehearse dragon and lion dance in Andi Village, Shanxi2024-05-22 08:13
In pics: ruins of Subax buddhist temple in Xinjiang2024-05-22 07:57
NASCAR star Kyle Larson is embracing his Indianapolis 500 debut, right down to milking a cow2024-05-22 07:52
Xi to Travel to U.S. for China2024-05-22 07:52