Meta Platforms Inc. shares saw sharp declines in Wednesday's extended session as the company failed to live up to Wall Street's high expectations for its first-quarter earnings report.
The company earned $4.71 a share in the period on revenue of $36.5 billion. It also forecast $36.5 billion to $39 billion in total revenue for the second quarter.
While Meta beat expectations with its latest results, investors perhaps wanted more from the Facebook parent company, which had seen its stock climb 39% so far this year, through Wednesday's close. The midpoint of Meta's revenue outlook was also below the consensus view of $38.3 billion.
At Axi, our mission is to help people like you “Trade Your Edge”. We want day-traders on our platforms to reach their full potential and become confident long-term traders. That’s why we’ve teamed up with trading guru David Belle to give you a daily dose of market insight and wisdom. Each day we’ll delve into the breaking news and geopolitics (the fundamentals) and market indicators (the technicals) to help you trade with more confidence. We’ll cover forex, crypto*, oil and gas, stocks, gold and silver – whatever is moving the markets that day.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage with a high risk of losing money rapidly due to leverage. Axi UK: * 70.8% of retail investor accounts lose money when trading CFDs with this provider.* You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This content should not be construed as investment advice. Past performance is not indicative of future results.
Axi UK: *Cryptocurrency CFDs can only be traded by Professional Clients due to FCA regulations.
"Trade your Edge" is our pledge to you.
It’s a promise that we’ll continue to give you the best possible tools and support, so you can unleash your trading edge.
#TradeYourEdge
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This channel is operated by Axi.
The Axi Group is a global award-winning broker, with regulatory licences in Australia, New Zealand, UAE and the United Kingdom.
The Axi brokers consist of:
AxiCorp Financial Services Pty Ltd (ACN 127 606 348) is authorised and regulated by the Australian Securities and Investment Commission (ASIC) in Australia with licence no 318232 and the Financial Markets Association (FMA) in New Zealand with licence no 518226. Its website is https://www.axi.com/au
AxiCorp Financial Services Pty Ltd Dubai Branch is also regulated by the Dubai Financial Services Authority (DFSA) in Dubai Ref No: F003742. Its website is https://www.axi.group/ae-en
Axi Financial Services (UK) Ltd (company no. 6050593) is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with firm reference no 466201. Its website is https://www.axi.com/uk
AxiTrader Ltd (company no. 25417 BC 2019) is registered in St Vincent & the Grenadines. Its website is https://www.axi.com/int
The company earned $4.71 a share in the period on revenue of $36.5 billion. It also forecast $36.5 billion to $39 billion in total revenue for the second quarter.
While Meta beat expectations with its latest results, investors perhaps wanted more from the Facebook parent company, which had seen its stock climb 39% so far this year, through Wednesday's close. The midpoint of Meta's revenue outlook was also below the consensus view of $38.3 billion.
At Axi, our mission is to help people like you “Trade Your Edge”. We want day-traders on our platforms to reach their full potential and become confident long-term traders. That’s why we’ve teamed up with trading guru David Belle to give you a daily dose of market insight and wisdom. Each day we’ll delve into the breaking news and geopolitics (the fundamentals) and market indicators (the technicals) to help you trade with more confidence. We’ll cover forex, crypto*, oil and gas, stocks, gold and silver – whatever is moving the markets that day.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage with a high risk of losing money rapidly due to leverage. Axi UK: * 70.8% of retail investor accounts lose money when trading CFDs with this provider.* You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This content should not be construed as investment advice. Past performance is not indicative of future results.
Axi UK: *Cryptocurrency CFDs can only be traded by Professional Clients due to FCA regulations.
"Trade your Edge" is our pledge to you.
It’s a promise that we’ll continue to give you the best possible tools and support, so you can unleash your trading edge.
#TradeYourEdge
-------------
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This channel is operated by Axi.
The Axi Group is a global award-winning broker, with regulatory licences in Australia, New Zealand, UAE and the United Kingdom.
The Axi brokers consist of:
AxiCorp Financial Services Pty Ltd (ACN 127 606 348) is authorised and regulated by the Australian Securities and Investment Commission (ASIC) in Australia with licence no 318232 and the Financial Markets Association (FMA) in New Zealand with licence no 518226. Its website is https://www.axi.com/au
AxiCorp Financial Services Pty Ltd Dubai Branch is also regulated by the Dubai Financial Services Authority (DFSA) in Dubai Ref No: F003742. Its website is https://www.axi.group/ae-en
Axi Financial Services (UK) Ltd (company no. 6050593) is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with firm reference no 466201. Its website is https://www.axi.com/uk
AxiTrader Ltd (company no. 25417 BC 2019) is registered in St Vincent & the Grenadines. Its website is https://www.axi.com/int