TECH - Meta Platforms Suffers a Larger Drop Than the General Market: Key Insights | Benzinga
In the latest trading session, Meta Platforms (NASDAQ: META) closed at $493.76, marking a -0.26% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the social media company had gained 4.75% in the past month. In that same time, the Computer and Technology sector gained 8.04%, while the S&P 500 gained 4.59%.
The upcoming earnings release of Meta Platforms will be of great interest to investors. The company is predicted to post an EPS of $4.66, indicating a 44.27% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $38.15 billion, up 19.22% from the prior-year quarter.
In terms of the entire fiscal year, the ...