The Facebook parent company, Meta Platforms (META), is losing ground Thursday morning on the heels of a third-quarter earnings update Wednesday after hours. While the stock is down 3% so far today, the Q3 performance was actually fairly solid. Revenue of $40.6 billion was slightly ahead of the analyst consensus for $40.2 billion. Earnings [...]
The Facebook parent company Meta (META) reported second-quarter earnings results that came in well above analyst expectations, sending shares climbing 5% higher so far Thursday morning. Here’s how the company fared: Earnings: $5.16 per share compared to $4.80 consensus Revenue: $39 billion compared to $38.3 billion consensus This worked out to a 73% and [...]
Meta (META) announced its plans to invest aggressively in AI Wednesday, hoping to harness the power this technology claims to offer as a means to compete with Google and Microsoft. However, the news sparked investor uncertainty as shares initially tanked 15%. They’ve settled at a loss of around 12% Thursday morning. The announcement came [...]
Meta (META) is starting 2024 with a statement, announcing its first-ever dividend after an impressive Q4 driven by a surge in advertising sales. The stock is up more than 20% in Friday morning’s trading session. The company grew revenue to $40.11 billion, a 25% increase year over year. Net income for the quarter jumped [...]
