Mark Zuckerberg, CEO, Meta Platforms, in July 2021.

Kevin Dietsch | Getty Images News | Getty Images

Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.

  • Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG
  • Revenue: $36.46 billion vs. $36.16 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

  • Daily active users (DAUs): 2.12 billion expected, according to StreetAccount
  • Monthly active users (MAUs): 3.09 billion expected, according to StreetAccount
  • Average revenue per user (ARPU): $11.75 expected, according to StreetAccount

Executives will discuss the company’s results on a call with analysts at 5 p.m. ET.

Don’t miss these exclusives from CNBC PRO

Meta will generate more ad dollars than its competition, says Jefferies Brent Thill

Read More: World News | Entertainment News | Celeb News
CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Meta shares close at a record as last year’s mega rally continues

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event…

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global…

Apple has ‘very serious’ issues under sweeping EU digital rules, competition chief says

Apple has a number of “very serious” issues under the European Union’s…

Apple Intelligence won’t launch in EU in 2024 due to antitrust regulation, company says

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide…