Meta stock rose after the company reported higher-than-expected earnings and revenue in the first quarter of 2023. Meta reported earnings per share of $2.20 compared to expectations of $2.03 per share, while revenue jumped to $28.65 billion in the first quarter from expectations of $27.65 billion.
Facebook's average active users were 2.04 billion daily versus a forecast of 2.01 billion, while the average number of monthly users was in line with expectations of 2.99 billion. META expects revenue in the second quarter of 2023, between $29.5 billion and $32 billion, while it expects sales at $29.5 billion.
Source (CNBC Arabic Website, Edited)
