Shares of Facebook's parent company soared in late trading Wednesday after the company reported a mixed set of results for the first quarter. Read More...
Reuters
Meta shares surge after Facebook ekes out user growth
(Reuters) -Meta Platforms Inc shares climbed on Wednesday as Facebook’s quarterly daily active users were above Wall Street estimates, even as Meta recorded its slowest revenue growth in a decade. Profit soundly beat Wall Street targets at $2.72 per share, compared with an analyst consensus of $2.56, according to IBES data from Refinitiv. Facebook daily active users (DAU), a key metric for advertisers that indicates activity on the platform, were 1.96 billion, slightly higher that the estimate of 1.95 billion, according to IBES data from Refinitiv.
