Reported about 19 hours ago
Meta reported Q1 earnings that exceeded expectations, with an EPS of $6.43 and revenue of $42.3 billion, while raising its full-year capital expenditure estimates. Despite worries about a slowdown in advertising due to tariff uncertainties, the company forecasts Q2 revenue between $42.5 billion and $45.5 billion, surpassing Wall Street's expectations. Meta's stock rose over 4% in after-hours trading, even as the company faces legal challenges regarding antitrust claims from the FTC.
Source: YAHOO