Current location:World Window news portal > health
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
World Window news portal2024-04-25 16:24:24【health】4People have gathered around
IntroductionFacebook 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.
Address of this article:http://www.samacharpostdainik.com/36362/
Very good!(8691)
Related articles
- Feature: Japan
- 3 Body Problem: Lawyer sentenced to death for Lin Qi murder
- Govt opening door for more foreigner buyers to buy farm land
- Chinese state media demands British Museum return 23,000 cultural relics
- Inside Jon Richardson and Lucy Beaumont's 9
- Japanese PM to US lawmakers: US does not have to confront global challenges alone
- Yemen's Houthis say they targeted Western ships
- US restricts trade with companies tied to drones used by Russia, Houthis
- CIIE: a vivid reality of the world sharing Chinese opportunities
- Evergrande's bankruptcy may be just the beginning of China's real estate crisis
Popular articles
Recommended
"Lanting" cultural salon in Auckland celebrates Chinese calligraphy, traditions
Israeli military reduces troops in southern Gaza, spokesperson says
DOC job cuts plan: Tourism, backcountry huts, flora and fauna at risk, groups say
US Postal Service seeks to hike stamp prices to 73 cents
CPC official urges stronger sense of responsibility in united front work to serve modernization
Hong Kong arts charity cancels deaf dance group performance
'Devastated': Widow pleads for late husband’s dream to be realised
Changes to flu vaccine eligibility missed opportunity to improve health equity
Links
- Book on Xi's Sci
- China remains crucial link in supply chain
- Xi to Address Global Trade in Services Summit of CIFTIS
- Xi Calls for Better Integration of Modernization Process in China, Singapore
- Shanghai goes big on smart factories
- Xi Stresses Building General Offices of Party Committees, Governments into Model Organs
- Development of nation's central region in focus
- Rising tide
- Chinese company unveils revolutionary nuclear battery with 50
- World Cup woes deliver home truths