Meta delivers strong earnings, but weak guidance and heavy AI spending prompt investors to bail

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Shares of Meta Platforms Inc. traded down more than 16% after-hours today following strong first-quarter earnings results that were overshadowed by light guidance. The company reported earnings before certain costs such as stock compensation of $4.71 per share, beating Wall Street’s forecast of $4.32 per share by a comfortable margin. Revenue rose 27% from a […]

The post Meta delivers strong earnings, but weak guidance and heavy AI spending prompt investors to bail appeared first on SiliconANGLE.

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