Meta’s Q1 Beats On Top, Bottom Line But High-Flying Stock Dips On Costs, Revenue Outlook
Facebook parent Meta posted solid quarterly financials today with revenue and EPS beating Wall Street expectations, but investors dinged the stock on high expenses and lower than anticipated revenue for the current quarter. Shares are down 10% in after-market trading. What Meta calls “Family daily active people” or DAP, rose 7% to 3.24 billion for the […]