Facebook parent Meta stock soars despite growth slowdown

Facebook parent Meta stock soars despite growth slowdown

2 years ago
Anonymous $xqL1ZTchGQ

https://apnews.com/5e3301eea49b9a1e091d15759460ba9c

Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.

The company earned $7.47 billion, or $2.72 per share, in the January-March period. That's down 21% from $9.5 billion, or $3.30 per share, in the same period a year earlier.