Meta Reports First Quarter 2022 Results
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Meta Platforms Inc. (FB) PT Lowered to $290 at Susquehanna
April 28, 2022 6:40 AM EDTSusquehanna analyst Shyam Patil lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $290.00 (from $375.00) while maintaining a Positive rating following results which were better than feared.
The analyst commented, "The results and outlook were generally better than feared given the choppy... More
Meta Platforms (FB) Tops Q1 EPS by 16c, Revenue Guidances Misses Consensus
April 27, 2022 4:07 PM EDTMeta Platforms (NASDAQ: FB) reported Q1 EPS of $2.72, $0.16 better than the analyst estimate of $2.56. Revenue for the quarter came in at $27.91 billion versus the consensus estimate of $28.2 billion.
Family daily active people (DAP) DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year.Family monthly active people (MAP) MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year.Facebook daily active users (DAUs) DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year.Facebook monthly active users (MAUs) MAUs were 2.94 billion as of March 31, 2022, an increase of 3%... More