Meta Shares Plummet After Weak Revenue Guidance Announcement
Meta shares took a significant hit on Thursday
Morning Plunge
Morning of Thursday witnessed a dramatic 12% drop in Meta shares.
First-Quarter Performance
Meta reported earnings per share of $4.71 for the quarter, surpassing expectations.
Second Quarter Guidance
Meta aims for revenue between $36.5 billion to $39 billion for the second quarter.
Analyst Ratings - JPMorgan
JPMorgan maintains overweight rating.
Analyst Ratings - Bernstein
Bernstein lowers price target, sees potential.
Analyst Ratings - Barclays
Barclays retains overweight stance, adjusts target.
Meta's Unique Position
Meta positioned uniquely despite challenges. text
Investor Sentiment
Mixed investor sentiment post-guidance.
Conclusion
The company's strategic investments and long-term vision will likely determine its success in the coming years.
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