Why Meta Platforms Is Soaring Today

Shares of Meta Platforms (NASDAQ: META) are rising on Thursday. The company's stock gained 4.9% as of 12:46 p.m. ET, and gained as much as 8% earlier in the day. The leg up comes as the S 500 (SNPINDEX: ^GSPC) gained 0.9% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.9%.

The social media behemoth released its Q1 report after market close yesterday, beating Wall Street's already-high expectations.

The Facebook parent posted Q1 2025 earnings per share (EPS) of $6.43 on $42.3 billion in sales -- that's 35% EPS growth year over year (YOY) and 16% sales growth YOY. The figures came in well over Wall Street's targets. Meta's forecast revenue range of $42.5 billion to $45.5 billion for Q2 also beat expectations.

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Source Fool.com