Investing.com - Meta Platforms reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Meta Platforms announced earnings per share of $3.67 on revenue of $33.67B. Analysts polled by Investing.com anticipated EPS of $3.85 on revenue of $33.34B.
Meta Platforms shares are down 4% from the beginning of the year and are trading at $253.44 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 3.71% from the start of the year.
Meta Platforms shares lost 21.54% in after-hours trade the report.
Meta Platforms follows other major Communication Services sector earnings this month
Meta Platforms's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.78 on revenue of $72.19B.
Comcast had beat expectations on Thursday, January 27, 2022 with fourth quarter EPS of $0.77 on revenue of $30.34B, compared to forecast for EPS of $0.7301 on revenue of $29.62B.
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