Meta

After an underwhelming start to earnings from the magnificent 7, Microsoft, Meta, Apple, and Amazon will release earnings this week.

Meta beat earnings and revenue forecasts with EPS of $4.71 on revenue of $36.46 billion. However, the share price has slumped after weaker revenue guidance and higher spending plans. The selloff has hit sentiment and dragged other tech stocks lower. Meanwhile, the US Q1 GDP was weaker than expected, at 1.6%, annualised. However, core PCE inflation rose more than expected across the quarter. The Dow Jone analysis sees the price testing support at 38000,

Meta comfortably beat expectations in the latest quarter, but investors are worried about the outlook for 2024.

Meta’s core social media business will need to impress if it wants to alleviate pressure on its experimental and costly new projects.

Compare some of the largest American companies in industries like tech, healthcare, and financial services. Learn about Microsoft, the world’s largest company, and other trillion-dollar technology firms.

There is a mixed reaction to results out from Microsoft and Alphabet, with eyes turning to earnings out from Meta later today.

This could be a big quarter for Meta, but will it be able to meet high expectations?

Find out what to expect from Apple, Microsoft, Meta, Alphabet and Amazon this season and whether they can keep outperforming.

Microsoft, Alphabet, Meta, Amazon and Salesforce are among the biggest names to cut jobs, but are more to come?

This will be one of the toughest earnings seasons for Big Tech on record as sales growth stalls and earnings come under pressure.

Big Tech stocks have paused hiring and started to make layoffs, but are deeper job cuts around the corner?

Apple, Alphabet, Amazon, Microsoft and Meta have all underperformed this earnings season and the outlook points toward pain before growth reignites in mid-2023.

Meta shares could face their sharpest daily fall in nine months as investors fret earnings could continue to fall in 2023.

Meta shares could face their sharpest daily fall in nine months as investors fret earnings could continue to fall in 2023.

The Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today.

The Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today.

Facebook is expected to lose users in the third quarter and forecasts have been drastically curtailed ahead of the results this week.