Meta Platforms, Inc. (NASDAQ: META) reported its first quarter 2024 earnings outcomes right now.
Income elevated 27% year-over-year to $36.4 billion.
Web revenue greater than doubled to $12.4 billion, or $4.71 per share, in comparison with final 12 months.
Income and earnings beat expectations however the inventory plunged 12% in aftermarket hours on Wednesday.
The corporate expects second quarter 2024 complete income to vary between $36.5-39.0 billion.