Meta Platforms: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 04:16 PM ET
Last Updated - Apr 24, 2024, 04:16 PM EDT
MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported first-quarter net income of $12.37 billion.
The Menlo Park, California-based company said it had net income of $4.71 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.32 per share.
The social media company posted revenue of $36.46 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $36.28 billion.
