This "Magnificent Seven" Stock Is Down 10% After Reporting Q1 2024 Financials: Is It Now a Once-in-a-Generation Investment Opportunity? [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
The stock has climbed 267% since the start of last year, gaining investors' admiration once again. But after Meta reported its latest financial results, investors seemed discouraged. As of this writing on the afternoon of April 25, shares are down about 10% since the announcement. Does this setup make this " Magnificent Seven " stock a once-in-a-generation opportunity right now? Meta reported a strong quarter It was another strong showing for this tech leader. During the first three months of 2024, Meta's sales totaled $36.5 billion, which was up 27% year over year. This was the company's fastest growth since the third quarter of 2021. That indicates a strong recovery for the digital ad market, which took a temporary hit throughout 2022. That top-line gain was driven by a 7% expansion of the user base, a figure that currently sits at 3.2 billion daily active users. Ad impressions, a measure of the number of ads displayed, soared 20%. Meta is continuing to focus on efficien
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/14/24 - Form PX14A6G
- 5/9/24 - Form 4
- 5/7/24 - Form 4
- META's page on the SEC website