Meta Stock Jumps on Strong Earnings. Zuckerberg Promises Returns on Big Capex Spending.
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Meta Platforms roundly beat first-quarter earnings expectations Wednesday afternoon. Its shares were rising in after-hours trading, though the company’s latest outlook around capital expenditures could give some investors pause. Earnings-per-share were up sharply to $6.43 versus Wall Street’s consensus estimate of $5.23, according to Factset, and up from $4.71 last year.
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