Meta beats quarterly expectations

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of Facebook owner Meta has jumped $31.23 or 14.93% in US pre-market opening trading. The jump of the equity was caused by better than expected quarterly financial results.

Meta reported earnings per share at $2.20 instead of expected $2.021 which is a beat of 8.86%. Meanwhile, total revenues were higher by 3.53% than the forecasts.

In addition, note that the company's stock price has recovered 171.88% since the low of November 4. Most of the recovery has been attributed to Mark Zuckerberg dropping his Metaverse creation plans and announcing that 2023 would be a year of efficiency.

On Thursday, the stock price was expected to trade above the 2022 April high of $236.50.
Back to articles

Actual Topics

Tue, 16 May 2023 13:56:40 GMT

Amgen and Horizon stocks plummet due to FTC

The US Federal Trade Commission has been reportedly preparing to block Amgen's acquisition of Horizon Therapeutics. The potential deal was valued at $27.8 billion. As a result of the announcement, the stocks of both companies became highly volatile. Horizon Therapeutics plummeted 17.61%. Amgen stock experienced a dip down of more than 1.00%.

Wed, 26 Apr 2023 12:57:26 GMT

Microsoft stock price surges

Microsoft published its quarterly results after Tuesday's trading hours. The company has revealed stunning results, which caused the stock to trade up 8.37% at $298.72, before Wednesday's open. The stock price has reached levels not seen since April 2022. In general, the company has beat its quarterly revenue and profit expectations. Namely, earnings are 9.42% and revenues are 3.60% higher

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.