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Meta shares soar almost 20% on fourth-quarter revenue beat

Meta shares surge on better-than-expected revenue

Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results.

  • Earnings: $1.76 per share
  • Revenue:  $32.17 billion vs $31.53 billion expected, according to Refinitiv

The company also reported restructuring charges for its Family of Apps segment and Reality Labs unit of $3.76 billion and $440 million, respectively…


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