Facebook parent Meta posted its slowest revenue growth since going public, but its share price jumped as profits held up better than expected in the face of several headwinds, including the fallout from Russia’s invasion of Ukraine. Revenue came in at $27.9bn, up just 7 per cent on last year, despite continued pressures from Russia’s invasion of Ukraine, increased competition and Apple’s privacy change that have weighed on social media platforms. The company said it expected a continuation of negative trends in the current quarter, citing “softness” stemming from the impact of the Ukraine conflict. Read More...
Motley Fool
Why F5 Networks Plummeted 13% Today
Shares of F5 Network (NASDAQ: FFIV) were plummeting today, down 13% as of 12:35 p.m. ET. The company, which makes both hardware and software that houses, governs, protects and deploys business software applications, issued light guidance for the rest of the year, even as last quarter’s revenue met and earnings per share beat expectations. In the fiscal second quarter of 2022, which ended March 31, F5’s total revenue was down 2%, but there was a big difference between its segments.
