Meta Platforms Q4 2023 GAAP EPS $5.33 Beats $4.95 Estimate, Sales $40.11B Beat $39.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms reported Q4 2023 earnings of $5.33 per share, surpassing the $4.95 estimate, with sales of $40.11B exceeding the $39.17B forecast. This represents a 24.70% increase in sales compared to the same period last year.
February 01, 2024 | 9:06 pm
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POSITIVE IMPACT
Meta Platforms exceeded Q4 2023 earnings and sales estimates, with a significant year-over-year sales growth.
Meta Platforms' earnings and sales beat not only demonstrates the company's ability to outperform analyst expectations but also indicates strong operational performance and growth. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in META's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100