I finally got some time to look at the financials after grabbing a screen shot of the Meta stock for another post. It was a pretty wild ride today as shares plunged 16% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.
Results
- Revenue: $36.455 billion, up 27% year-over-year, surpassing estimates of $36.148 billion.
- Net Income: $12.369 billion, an increase of 117% year-over-year, exceeding estimates of $11.320 billion.
- Earnings Per Share (EPS): $4.71, up 114% from the previous year, surpassing the estimated $4.32.
- Operating Margin: Improved to 38% from 25% in the previous year.
- Free Cash Flow: Reported at $12.53 billion, reflecting robust financial health.
- Capital Expenditures: Totaled $6.72 billion, indicating ongoing significant investments in infrastructure and technology.
- Headcount: Decreased by 10% year-over-year to 69,329, aligning with operational efficiency efforts.
The parent of Facebook and Instagram posted better-than-expected results for the first quarter while aggressively ratcheting up spending plans as it invests in artificial intelligence software and services. It was the higher spending on AI and slightly disappointing growth expectations for the June quarter that spooked investors after a monster rally in the stock.
The price recovered a bit today. It will be interesting to see tomorrows action as Alphabet stock had surged on earnings beat and dividend announcement
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I think I have some exposure to these stocks in my mutual funds, but I don't own any of them individually.
I'm pretty exposed to the market in general so its been a wild few weeks
I don't even pay attention to my traditional stuff anymore. I just check in a couple of times a year and look to see what my dividends and capital gains were for the year.
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It seems that the share is good, but the price is decreasing
Yeah it was good to be short but since then its been choppy
Meta's results are good but it's kind of crazy to see how guidance can affect prices. I think it's a bit overblown but I think a lot of companies overspent on AI too.
Yeah investors are spooked right now it's hard to tell whats going on
you discussed the situation of Meta's recent financial results. it includes revenue, net income, Earning Per Share , operating margin, along with headcount. you discussed Meta plans to increase spending on AI software and services, which has more impact on growth.
Thanks for this summary
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STOPPrices are definitely below them at the moment but we all know that this is a good opportunity for us to buy.
I think it is going to be rocky for a bit markets have been wild
sharing is caring
Thanks
unclear information can do this kind of damage.
Yes it can investors and algos turn on a dime
There is no stock hold at this time
Stock are wild right now