Facebook pops 20% in afterhours…

Facebook pops 20% in afterhours…

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Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results. Earnings: $1.76 per share Revenue:  $32.17 billion vs $31.53 billion expected, according to Refinitiv The company also reported restructuring charges for its Family of Apps segment and Reality Labs unit of $3.76 billion and $440 million, respectively during the fourth quarter of 2022. Because of those charges, it's difficult to compare the company's earnings per share to analyst estimates of $2.22 per share. Here are some other key numbers: Daily Active Users...
Source: https://www.cnbc.com/2023/02/01/facebook-parent-meta-earnings-q4-2022.html