Tech industry
fromThe Motley Fool
7 hours agoWhy Is Meta Platforms Stock Underperforming? | The Motley Fool
Meta maintains strong revenue growth and profitability despite investor concerns about massive capital spending on AI infrastructure.
The company's net revenue was $540 million, down from $559 million in the same period a year ago. Yet it was high enough to top the consensus analyst estimate of $531 million and change. On the bottom line, net income in accordance with generally accepted accounting practices ( GAAP) was 2% higher at $62 million, or $1.15 per ADS. This easily topped the $1.05 collectively expected by the pundits tracking Joyy stock.