2024-04-27 05:35:00 ET
Shares of Meta Platforms (NASDAQ: META) fell over 10% following its first-quarter earnings report despite some pretty solid numbers from the social media giant.
In fact, there were a lot of really of good things to come out of Meta's report. So let's look at why the stock fell , why its overall results were strong, and why this may be a great buying opportunity for investors.
There were two main reasons that Meta's stock fell following its earnings. The first was that its second-quarter revenue guidance was considered a bit light versus expectations. The company projected that its Q2 revenue would come in between $36.5 billion and $39.0 billion. Analysts were expecting Q2 revenue of $38.3 billion, so the midpoint of its forecast was just below that at $37.75 billion. This is minor in the grand scheme of determining whether to invest in Meta.
For further details see:
Meta's Stock Just Plunged Following Its Q1 Earnings Report. Should Investors Jump in and Buy the Stock?