“Meta shares surge 15% after Facebook parent beats earnings estimates”
April 28, 2022
“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter.
Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.
Meta’s stock rose 15% Thursday morning. It’s still down about 40% since the start of 2022, alongside a raft of other tech stocks that plunged amid concerns over rising inflation, the Ukraine war and a return of Covid lockdowns in China…”
https://www.cnbc.com/2022/04/28/meta-fb-shares-surge-after-q1-earnings-beat.html