Previous Close | 159.92 |
Open | 159.09 |
Bid | 161.00 x 200 |
Ask | 161.12 x 600 |
Day's Range | 158.82 - 161.39 |
52 Week Range | 104.42 - 161.70 |
Volume | |
Avg. Volume | 22,934,167 |
Market Cap | 1.99T |
Beta (5Y Monthly) | 1.05 |
PE Ratio (TTM) | 27.78 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly earnings on Thursday. Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia dropped 1.4% in reaction.
Shares of Meta Platforms tumble after a disappointing outlook, while IBM slumps after revenue misses analysts’ estimates. Microsoft, Alphabet, and Intel are scheduled to report earnings after the close of trading Thursday.