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Benzinga
Benzinga
Business
Adam Eckert

Why Meta Platforms Shares Are Ripping Higher Today

Meta Nasdaq Mark Zuckerberg

Meta Platforms Inc (NASDAQ:FB) shares are trading higher Thursday after the company reported better-than-expected earnings results.

Meta said first-quarter revenue increased 7% year-over-year to $27.91 billion, which came in below the $28.21 billion estimate. The company reported quarterly earnings of $2.72 per share, which beat the estimate of $2.56 per share, according to data from Benzinga Pro.

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