Meta Platforms: Q1 Earnings Snapshot

MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported first-quarter net income of $12.37 billion.

The Menlo Park, California-based company said it had net income of $4.71 per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.32 per share.

The social media company posted revenue of $36.46 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $36.28 billion.

For the current quarter ending in June, Meta Platforms said it expects revenue in the range of $36.5 billion to $39 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on META at https://www.zacks.com/ap/META