meta-stock-jumps-on-earnings-report-the-expectations-were-low.

Meta Stock Jumps on Earnings Report. The Expectations Were Low.

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https://www.barrons.com/articles/meta-facebook-stock-price-earnings-51651008863


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Shares of Facebook parent Meta Platforms jumped late Wednesday after the social network reported first-quarter profits that beat Wall Street expectations.

Meta shares are up 15% in late trading.

Revenue, though, came in lower than expected, and guidance for the June quarter fell well below Street estimates.

For…