Is Meta Platforms Stock a Buy Now?
Meta Platforms' (NASDAQ: FB) stock surged 18% on April 28 after the tech giant posted its first-quarter earnings report.
Its revenue rose 7% year-over-year to $27.91 billion, which missed analysts' estimates by $310 million but matched its prior forecast for 3% to 11% growth. Its net income declined 21% to $7.47 billion, or $2.72 per share, but still exceeded analysts' expectations by $0.17.
Meta's report was mixed, but investors had already tempered their expectations after the release of its messy fourth-quarter report in February. Even after its latest post-earnings pop, its stock remains down nearly 40% for the year.
Source Fool.com
