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Meta stock falls on disappointing Q2 revenue outlook

Meta Platforms (META) reported first quarter earnings of $4.71 per share, well above analyst estimates of $4.30. Revenue was about in line with expectations, $36.46 billion compared to the $36.12 billion estimate.

For the second quarter, the social media giant sees revenue of $36.5 billion to $39 billion. Analysts were expecting $38.24 billion of revenue in the quarter, which means the midpoint of the range is a disappointment to the Street.

Yahoo Finance's Julie Hyman, Josh Lipton, Josh Schafer, and Alexandra Canal break down the results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.