TECH - Alphabet Snap Pinterest Shares Are Sliding: What's Going On? | Benzinga
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Snap Inc (NYSE:SNAP) and Pinterest Inc (NYSE:PINS) shares are moving lower in Wednesday’s after-hours session in sympathy with Meta Platforms Inc (NASDAQ:META), which fell after reporting first-quarter earnings results.
What Happened With Meta?
Meta beat analyst estimates on the top and bottom lines, reporting first-quarter revenue of $36.455 billion versus estimates of $36.156 billion and EPS of $4.71 versus estimates of $4.33, per Benzinga Pro.
Despite topping estimates, the stock is tanking in after-hours trading, likely due to the company’s guidance. Meta said it expects second-quarter revenue to be in the range of $36.5 billion to $39 billion versus estimates of $38.3 billion.
The company raised its expense outlook for the year from a range ...