{"id":103558,"date":"2024-02-02T00:00:00","date_gmt":"2024-02-02T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=7d12ae6f964f525b92c77417e7dfb0dd"},"modified":"2024-02-02T00:00:00","modified_gmt":"2024-02-02T00:00:00","slug":"metas-stock-rises-15-as-its-q4-net-income-hits-14-billion","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/metas-stock-rises-15-as-its-q4-net-income-hits-14-billion\/","title":{"rendered":"Meta’s stock rises 15% as its Q4 net income hits $14 billion"},"content":{"rendered":"
\nWashington: After-hours trading saw a more than 15 percent spike in shares of Facebook parent firm Meta, as the company revealed a 201 percent annual growth in fourth-quarter net earnings, fueled by higher advertising income and more users.<\/p>\n
In the quarter that concluded on December 31, the California-based corporation reported a net profit of almost $14 billion, a 21 percent increase over the third quarter’s earnings.<\/p>\n
Over the course of the three months, revenue surpassed analyst projections of $39.1 billion, rising by an annual 25 percent to exceed $40.1 billion.<\/p>\n
Meta’s family of apps includes Facebook, Instagram, Messenger, WhatsApp and other services.<\/p>\n
“We had a good quarter as our community and business continue to grow,” said Mark Zuckerberg, Meta founder and chief executive.<\/p>\n
Source: Jordan News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington: After-hours trading saw a more than 15 percent spike in shares of Facebook parent firm Meta, as the company revealed a 201 percent annual growth in fourth-quarter net earnings, fueled by higher advertising income and more users.<\/p>\n
In the qu…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"\n