5 points | by mfiguiere 9 hours ago
2 comments
Stock is down quite a bit after hours. I think Meta still has a strong hold on the online advertising market, but growth from here is hard.
Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.
One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.
It's now down 16% over the past 12 months, and the stock is now the same price as Dec 2024
Stock is down quite a bit after hours. I think Meta still has a strong hold on the online advertising market, but growth from here is hard.
Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.
One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.
It's now down 16% over the past 12 months, and the stock is now the same price as Dec 2024