Meta More Than Doubles Q1 Profit but Revenue Guidance Pulls Shares Down After-Hours | SOURCE: VINnews

Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance. Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, in […]

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