Post a Free Blog

Submit A Press Release

At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMeta Shares Jump 14 percent on Q1 Beat

Meta Shares Jump 14 percent on Q1 Beat

Add to Favorite
Added to Favorite


Meta Platforms (NASDAQ:META) shares surged nearly 14% today after the company reported its Q1 earnings results, with EPS coming in at $2.20, beating the Street estimate of $2.02. Revenue was $28.65 billion, better than the Street estimate of $27.61 billion.
Family daily active people and Family monthly active people grew 5% year-over-year to 3.02 billion, and 3.81 billion, respectively. The company expects Q2/23 revenue to be in the range of $29.5-32 billion, compared to the Street estimate of $29.5 billion.
RBC Capital analysts believe further upside from here is still achievable on engagement share gains and ongoing conversion improvement eventually will lead to incremental spend. The analysts raised their price target to $285 from $225 while maintaining their Outperform rating.

Subscribe to get Latest News Updates

Latest News

You may like more
more

American Eagle’s Weak Q1 Prompts Pullback on Outlook

American Eagle Outfitters (NYSE:AEO) faced a rocky start to...

Dell Boosts Full-Year Outlook Despite Earnings Miss, AI Orders Shine

Dell Technologies (NYSE:DELL) delivered an optimistic outlook for fiscal...

Elastic Shares Tumble 10 percent on Tepid Fiscal 2026 Outlook Despite Strong Q4

Elastic N.V. (NYSE:ESTC) delivered a strong finish to its...