Current location:health >>
Meta more than doubles Q1 profit but revenue guidance pulls shares down after
health48162People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Sphere news portal”。http://www.havadist.com/tag/en-komik-videolari-gulmekten-aglayacaksiniz
Related articles
Who's made the cut for Meghan's new Montecito inner circle? Polo wives, Britney Spears' ex
healthThe soft launch of Meghan Markle's lifestyle brand not only marked the latest business venture for t ...
【health】
Read moreChinese Students Embrace Winter Sports at Ski Resorts in PE Class
healthContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【health】
Read morePeople Enjoy Chinese Lunar New Year Holiday Across China
healthContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【health】
Read more
Popular articles
- Arizona lands Oakland star forward Trey Townsend out of transfer portal
- Half of China's Population Aged 65 to 69 Use Smartphones: Survey
- People Greet Longtaitou Day Across China
- EconomyInFocus
- Jon Bon Jovi admits he 'hasn't been a saint' in his 35
- China to Hold over 12,000 Cultural Activities During Spring Festival
Latest articles
Pennsylvania redesigned its mail
China Focus: Shenzhou
People Celebrate Upcoming Spring Festival Across China
Couples Marry First a Bit Later in Hangzhou
Former Wisconsin college chancellor fired over porn career is fighting to keep his faculty post
Various Folk Cultural Activities Held to Celebrate Lantern Festival in China
LINKS
- NOT REAL NEWS: A look at what didn't happen this week
- Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says
- Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says
- A man gets 19 years for a downtown St. Louis crash that cost a teen volleyball player her legs
- For the world's largest democratic exercise, one village's polling officers are all women
- California court to weigh in on fight over transgender ballot measure proposal language
- Has Salman Rushdie changed after his stabbing? Well, he feels about 25, the author tells AP
- Lacazette ready to play for Lyon against PSG after face injury
- A man gets 19 years for a downtown St. Louis crash that cost a teen volleyball player her legs
- UN refugee agency tells Cyprus to stick to the law in its efforts at sea to thwart refugee boats