The Facebook parent clearly beats sales expectations and announced a dividend for the first time. The live analysis in our wallstreetONLINE stock exchange lounge with Markus Weingran and Stefan Klotter.
Meta Platforms exceeded analysts’ expectations with its revenue forecast, sending a strong signal for the continued strength of the digital advertising market. The company expects revenue of up to $37 billion for the quarter ending in March, well above analyst estimates of $33.6 billion compiled by Bloomberg.
The announcement of an initial quarterly dividend of 50 cents per share and the authorization of additional share repurchases worth $50 billion underscore the company’s confidence in its financial strength and future prospects.
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