Meta Platforms First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Net income: US$12.4b (up 117% from 1Q 2023). Profit margin: 34% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. EPS: US$4.86 (up from US$2.21 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Meta Platforms EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in the US. Performance of the American Interactive Media and Services industry. The company's shares are down 12% from a week ago. Risk Analysis It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Meta Platforms , and understanding it should be part of your investment process. Have feedback on this article? Concerned about the con
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- META's page on the SEC website