Meta Stock Plummets 10% Despite Strong Earnings Performance
Meta, the social media conglomerate previously known as Facebook, delivered an impressive performance in its first-quarter earnings report, exceeding Wall Street's expectations. Despite challenges, the company reported robust sales of $36.46 billion, representing a notable 27% increase compared to the same period last year.

Meta's earnings per share stood at $4.71, surpassing forecasts, while its net income of $12.4 billion further underscored its financial strength.

However, the optimism surrounding Meta's earnings was tempered by the company's cautious outlook for future growth. Meta's projection of second-quarter sales ranging from $36.5 billion to $39 billion fell below average analyst estimates, raising concerns among investors about a potential slowdown in growth momentum.
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