Overview
Meta, the parent company of Facebook, announced its first-quarter earnings after the market closed on Wednesday. The company exceeded revenue expectations for the quarter and gave positive guidance for the current period. As a result, Meta’s shares rose in after-hours trading.
The reported earnings were $2.20 per share, while Refinitiv estimated $27.65 billion in revenue. However, it is unclear if the reported earnings are comparable to Refinitiv’s analyst estimate of $2.03 per share. The report also highlighted several other numbers that investors are watching. They include daily active users (DAUs), monthly active users (MAUs), and average revenue per user (ARPU).
Since…
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