Facebook parent Meta is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock initially jumped 7% in after-hours trading Wednesday before cooling. $META reported fiscal Q2 net income of $7.79 billion.
Facebook parent Meta Platforms Inc. is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock initially jumped 7% in after-hours trading Wednesday before cooling.
A rebound in advertising, the monetization of Reels and AI-fueled ad targeting and measurement contributed to the quarter’s performance. Meta executives forecast third-quarter revenue of $32 billion to $34.5 billion, while analysts on average were expecting $31.2 billion, according to FactSet.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Dow leads Wall Street higher as investors eye beyond tech By Reuters⚠️BREAKING: *U.S. STOCKS END HIGHER AHEAD OF BIG TECH EARNINGS, DOW NOTCHES 11-DAY WINNING STREAK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Les mer »
Analysis Details How Wall Street Underwriting Quietly Funnels Billions Into Fossil Fuels'Underwriting is a huge missing piece of net-zero transition plans, allowing big U.S. banks to continue to help fossil fuel companies raise billions of dollars with limited scrutiny,' said one campaigner.
Les mer »
Morning Bid: China gloom deepens, Wall Street shinesA look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Les mer »
Dow leads Wall Street higher as investors eye beyond techThe Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting.
Les mer »
Wall Street foes turn free-market heroes amid GOP attacksRepublican lawmakers warn that the ESG push by firms and financial regulators is hurting investor returns and the fossil fuel industry.
Les mer »
YouTube Ad Revenue Climbs 4% As Parent Alphabet Smashes Wall Street Q2 EstimatesYouTube posted 4% advertising revenue growth in the second quarter as parent Alphabet rode momentum in search and cloud services to smash Wall Street analysts’ expectations. The tech giant re…
Les mer »