Meta: Market Is Irrational After Q1 Results, It's A Buy
Meta Platforms, Inc. beat estimates on both revenue and profit in its first-quarter earnings report.Despite strong results, the company's shares dropped by 13% in after-hours trading.Meta's user count continues to grow, indicating the relevance of its social media platforms and its ability to attract more users. Kira-YanArticle Thesis Meta Platforms, Inc. reported its first-quarter earnings results on Wednesday afternoon. The company beat estimates on both lines and showed strong results. The sell-off in after-hours trading could make for a nice buying opportunity, I believe. Past Coverage I have covered Meta Platforms several times here on Seeking Alpha, most recently three months ago, when the company reported its fourth-quarter earnings results. In this article, I gave the company a bullish rating, which has worked out well so far, as META has risen by 7% in the following three months. What Happened?