Earnings season is always an exciting time to be an investor, as companies finally pull the curtain back and unveil what’s transpired behind the scenes. The 2023 Q4 cycle looks to be another critical period, particularly as investors look to find further clues about what lies ahead in 2024 overall.

One company in particular, Meta Platforms META, saw its shares melt higher post-earnings, with investors swarming. On the contrary, Apple AAPL shares faced selling pressure. Let’s take a closer look at the releases.

Meta Q4

Meta has consistently posted robust earnings results lately, regularly exceeding our expectations and enjoying buying pressure following the releases. Concerning the report in focus, the technology titan generated $40.1 billion in sales, improving by a sizable 25% from the year-ago period.

Top line results reflect a considerable acceleration, with the 25% jump penciling in the highest year-over-year growth rate in eight quarters.

Undoubtedly to the likes of investors, Q4 costs and expenses fell 8% compared to the same period last year, and the company purchased over $6 billion in shares throughout the period. META’s improved operations have clearly led to significant benefits, with quarterly EPS of $5.33 well above the year-ago mark and easily surpassing the $4.83 Zacks Consensus EPS Estimate. Impressively, the company’s operating margin came in at 41%, crushing the year-ago figure of 20%.

The company’s platform also continues to expand, with Facebook daily and monthly active users growing by 6% and 3%, respectively. And its advertising business remains sound, with ad impressions delivered across its family of apps improving 21% year-over-year.

META has consistently posted better-than-expected advertising revenue.

Image Source: Zacks Investment Research

And to top off the robust results, the company unveiled its first-ever dividend, which is payable on March 26^th to stockholders of record as of the close of business on February 22^nd. Mark Zuckerberg on the results - ‘We had a good quarter as our community and business continue to grow. We've made a lot of progress on our vision for advancing AI and the metaverse.’

Apple Q1

Concerning headline figures, Apple posted quarterly revenue of $119.6 billion, climbing 2% year-over-year, and EPS of $2.18, up 16% from the year-ago mark and reflecting a record. Apple shares didn’t experience the same positivity as META, facing selling pressure post-earnings. It’s worth noting that the results snapped a four-quarter long streak of negative year-over-year revenue growth rates.