Evercore ISI blames Meta stock selloff on 'very high expectations'
) Platforms Inc. reported financial results that exceeded analyst expectations for the latest quarter, with revenue climbing 27% year-over-year, operating income surpassing estimates by 4%, and earnings per share coming in approximately 9% higher than anticipated.
This adjustment raises the midpoint by approximately $4 billion, or around 12%. Moreover, the company narrowed its total expenses projection to $96 billion to $99 billion from a prior range of $94 billion to $99 billion. According to the broker's analysis, the stock's ability to maintain its level would have required a clear "Beat & Raise" outcome, which did not materialize.META Platforms Inc. continues to showcase its financial resilience and growth prospects, as reflected in its recent earnings report. To further understand the company's position, let's delve into some key metrics and insights from InvestingPro.
For readers looking to delve deeper into META's financial health and prospects, there are an additional 15 InvestingPro Tips available, providing a comprehensive analysis of the company's performance and potential.
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