Meta Gains After Revising Q1 Guidance

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Meta Gains After Revising Q1 Guidance

Meta Gains 20% After Revising Q1 Guidance

Meta Platforms (META) stock is just a few cents away from the target of $475. Overall, META has gained a 20.3% upside during Friday's session alone, which suggests that investors are cheering the revised Q1 guidance.

Another factor that sent the META stock higher was higher revenue during Q4. META stock also announced a $50 billion buyback program for shares. Just like that, META has also revealed that it will pay its investors dividends.

Meta Surpasses Nvidia In Terms Of Performance

Since reaching the low point in November 2022, META has been delivering good performance in the stock market. When we compare the stock's price from 15 months, it has been up by 435%!

performance like this remains unmatched even by heavy hitters like NVIDIA (NVDA), which suggests that META is in a league of its own.

After looking at the results, experts believe that the quarter's results were muchbetter than Mark Zuckerberg's expectations. Over all, he has earned $38.7 billion which is an increase of almost 24% from the last year.

And if we look at the GAAP EPS of Meta during Q4, it was $5.33, which is almost $0.39 higher than the forecast. Just like that, Meta's revenue was $40.1 billion, around $940 million higher than the forecast.

According to Meta, an 8% increase in the daily active users on a Y/Y basis, while a 6% increase was seen in the Monthly Active Users during December.

Amidst all of this, Meta has also issued an upward revision of its guidance for Q1 2024. The company expects to earn $37 billion now, while the earlier forecast was for $34.5 billion only.

As per the details, META will also pay a $0.50 dividend on each share. So that's also a factor highlighting that META is happy with its balance sheet right now & and can afford to pay money to its shareholders.

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