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Trending tickers: Meta, Microsoft, Tesla, IBM and EasyJet
['Thu', 'January At Am Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Three of the "Magnificent 7" tech giants reported after the bell on Wednesday, including Facebook-parent Meta (META).
Shares in Meta (META) popped 7.6% in pre-market trading on Thursday, after the company's fourth quarter earnings beat analyst expectations on the top and bottom lines.
Looking ahead, Meta (META) said that it expected to generate total revenue of $53.5bn to $56.5bn in the first quarter.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said that Meta (META) "delivered another strong quarter" but added that first quarter guidance "was the real highlight".
The company reported EPS of $5.16 on revenue of $81.27bn, which topped the $3.92 and $80.3bn Wall Street was anticipating.