Meta Platforms — Shares of the Facebook parent advanced more than 5%. Meta beat analysts’ first-quarter estimates when it reported earnings of $6.43 per share and revenue of $42.31 billion. Analysts surveyed by LSEG were expecting a profit of $5.28 per share on revenue of $41.40 billion. Meta also upped its full-year capital expenditures to $64 billion from $72 billion in order to continue investing in data centers to power artificial intelligence
Read More: bit.ly/Meta-Earnings-Beat
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