"Meta's Earnings Beat Expectations, Stock Surges Amid Market Rally"
TL;DR
Asian markets rally as Meta and Amazon exceed earnings expectations, with Meta reporting $40.1bn in revenue and a $14bn profit, and Amazon posting sales of $170bn. Both companies saw their stock prices surge, contributing to a $280bn increase in US markets. However, Apple's stock dipped due to a decline in iPhone sales in China, while Google's parent company, Alphabet, missed analysts' forecasts, causing shares to drop.
- Meta, Amazon smash earnings expectations, as stock markets surge Al Jazeera English
- Meta beats expectations on earnings and Q1 outlook, boosts share repurchase by $50 billion Yahoo Finance
- Mark Zuckerberg to receive $700m from Meta dividends The Guardian
- Meta stock surges 14%. Investors are loving its first-ever dividend CNN
- Stocks making the biggest moves after hours: Meta, Amazon, Apple, Skechers and more CNBC
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Read on Al Jazeera English