Meta’s stock fell to 2016 price, here’s what earnings announcement reveals
Meta shares fell over 20% in one day after the official earnings announcement for the third quarter of 2022. Despite the increase in daily active users within the group’s applications, quarterly turnover went below expectations, declining 4% year-on-year. On the other hand, costs grew as much as 19%. Earnings per share are $1.64, while analysts … Read more