Meta shares sink 11% on weak revenue guidance

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.