Meta Platforms Q4 Earnings Highlights: Revenue Beat, EPS Beat, Company's First Dividend And More
Portfolio Pulse from Chris Katje
Meta Platforms (NASDAQ:META) reported Q4 earnings with a revenue of $40.11 billion, up 25% YoY, beating estimates. EPS was $5.33, surpassing the expected $4.96. The company announced its first quarterly dividend of $0.50/share, payable on March 26, 2024. Meta expects Q1 revenue between $34.5 billion and $37.0 billion and full-year expenses between $94 billion and $99 billion. Shares surged 12% to $442.85 in after-hours trading, reaching new highs.
February 01, 2024 | 9:26 pm
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Meta Platforms reported strong Q4 earnings, beating revenue and EPS estimates, and announced its first quarterly dividend. Shares reached new highs in after-hours trading.
Meta's Q4 earnings beat, coupled with the announcement of its first quarterly dividend, signals strong financial health and shareholder value enhancement. This positive news, along with the optimistic revenue forecast for Q1 and the significant share repurchase authorization, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100