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Earnings Results: Meta’s stock jumps after AI, ad momentum drive earnings, revenue jump – Vested Daily

Earnings Results: Meta’s stock jumps after AI, ad momentum drive earnings, revenue jump

Facebook parent Meta Platforms Inc. is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock was up more than 7% in after-hours trading Wednesday.

Meta META reported fiscal second-quarter net income of $7.79 billion, or $2.98 a share, compared with net income of $6.7 billion, or $2.46 a share, in the year-ago quarter.

Revenue…

This post was originally published on Market Watch

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