Meta stock jumps nearly 20% despite mixed results
CNN
Meta's first earnings of 2022 may have largely fallen short of expectations, but that hasn't really dampened the enthusiasm of its investors.
Facebook's parent company on Wednesday missed Wall Street revenue forecasts during the first three months of 2022, and posted its slowest revenue growth in years. It also narrowly missed analysts' predictions for daily and monthly active Facebook users. And its profits, while ahead of expectations, were down 21% from the same period a year ago.
Still, investors managed to find something to celebrate. Meta (FB) shares jumped more than 18% in after-hours trading following Wednesday's earnings report.
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