Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan. Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg. Q4 Revenue – $32.17 billion actual versus $31.65 billion expected Advertising Revenue – $31.25 billion actual versus $30.86 billion expected Adjusted Earnings Per Share (EPS) –… Source link
Read More »Stock futures drift higher as Wall Street eyes better-than-expected jobs report
Stock futures rose Friday morning as traders eyed the Labor Department’s October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate. Contracts on the S&P 500 advanced. A day earlier, the blue-chip index rallied to a record high, logging a sixth straight record close as technology stocks advanced. The Nasdaq also jumped amid the broad move higher in tech shares, while the Dow closed lower for the first time in six… Source link
Read More »