Meta Gained Over 7% in Premarket Trading After Beating on Revenue and Guidance

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Meta Gained Over 7% in Premarket Trading After Beating on Revenue and Guidance

Tiger Newspress2023-07-27

Meta Platforms, Inc. gained over 7% in premarket trading.

It reported fiscal second-quarter net income of $7.79 billion, or $2.98 a share, compared with net income of $6.7 billion, or $2.46 a share, in the year-ago quarter. Revenue climbed 11% to $32 billion from $28.8 billion in the year-ago quarter.

Executives forecast third-quarter revenue of $32 billion to $34.5 billion, while analysts on average were expecting $31.2 billion, according to FactSet.

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Andrewinho
·2023-07-27
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