53 views 11 secs 0 comments

Meta shares sink 11% on weak revenue guidance

In Business
April 24, 2024

Mark Zuckerberg, CEO, Meta Platforms, in July 2021.

Kevin Dietsch | Getty Images News | Getty Images

Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.

  • Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG
  • Revenue: $36.46 billion vs. $36.16 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

  • Daily active users (DAUs): 2.12 billion expected, according to StreetAccount
  • Monthly active users (MAUs): 3.09 billion expected, according to StreetAccount
  • Average revenue per user (ARPU): $11.75 expected, according to StreetAccount

Executives will discuss the company’s results on a call with analysts at 5 p.m. ET.

Don’t miss these exclusives from CNBC PRO

Meta will generate more ad dollars than its competition, says Jefferies Brent Thill

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
whatsapp channel
Avatar
/ Published posts: 39209

The latest news from the News Agencies