Shares of several social media and metaverse-related stocks, including Pinterest Inc (NYSE:PINS), Roblox Corp (NYSE:RBLX), Snap Inc (NYSE:SNAP) and Twitter Inc (NYSE:TWTR), are all trading lower in sympathy with Meta Platforms (NASDAQ:FB) after the stock dipped following fourth-quarter earnings results.
Meta Platforms shares fell by greater than 25% in Wednesday's after-hours session after reporting worse-than-expected fourth-quarter EPS results and issued guidance.
Meta Platforms reported quarterly earnings of $3.67 per share which missed the analyst consensus estimate of $3.84. The company also reported quarterly sales of $33.67 billion which beat the analyst consensus estimate of $33.38 billion by 0.87 percent. This is a 20% increase over sales of $28.07 billion in the same period last year. Meta reported 2.91 billion monthly active users for Facebook… Read More
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Snap and Pinterest will report fourth-quarter earnings after market close today.
Twitter will report fourth-quarter earnings after market close on Thursday, February 10.
Roblox will report fourth-quarter earnings after market close on Tuesday, February 15.
