Meta stock darts past $700 on strong earnings
Meta Platforms(META) Finbold·2025-01-30 19:47
Social media titan Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, released its Q4 and full-year 2024 earnings report on January 29. Despite widespread concerns surrounding high capital expenditures, the brainchild of Mark Zuckerberg more than delivered.For the quarter ended December 31, the business reported earnings per share (EPS) of $8.02 and revenues of $48.4 billion. In terms of both of these metrics, Meta outperformed consensus estimates — analysts expected to see EPS of ...