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- Meta fourth quarter numbers are in
News & AnalysisMeta Platforms (FB) reported its fourth quarter financial numbers after the closing bell on Wall Street on Wednesday.
The company reported total revenue of $33.671 billion (up by 20% year-over-year), above analyst forecast of $33.357 billion.
Earnings per share at $3.67 (down by 5% year-over-year), falling short of analyst estimate of $3.85 per share.
Founder and CEO, Mark Zuckerberg commented on the latest results: ”We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow.”
Zuckerberg also outlined the progress the company has made and highlighted what the company will focus this year: ”I’m encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we’ll continue investing in these and other key priorities in 2022 as we work towards building the metaverse.”
The company also announced that it expects to replace its existing ticker symbol ”FB” to ”META” in the first half of 2022 following the rebrand last year.
Meta Platforms (FB) chart (Weekly)
Shares of Meta ended the Wednesday trading day higher, up by 1.25% at $321.96. The stock dropped by around 20% in the after-hours trading following the latest results.
Meta is the 7th largest company in the world with a total market cap of $898.50 billion.
You can trade Meta Platforms (FB) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Meta Platforms, TradingView, GO Markets MT5, CompaniesMarketCap
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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