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



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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 shareRevenue:  $32.17 billion vs $31.53 billion expected, according to RefinitivThe company also reported restructuring charges for its Family of Apps segment and Reality Labs unit of $3.76 billion and $440 million, respectively during the fourth quarter of 2022. Because of those charges, it’s difficult to compare the company’s earnings per share to analyst estimates of $2.22 per share.related investing newsHere are some other key numbers:Daily Active Users (DAUs): 2 billion vs 1.99 billion expected, according to StreetAccountMonthly Active Users (MAUs):  2.96 billion vs 2.98 billion expected, according to StreetAccountAverage Revenue per User (ARPU): $10.86 vs $10.63 expected, according to StreetAccountRevenue in the fourth quarter fell 4% from a year earlier, marking a third straight quarter of declining sales. The company’s cost and expenses ballooned 22% year-over-year to $25.8 billion.Anwar Almojarkesh (L) and Alan Chalabi (R) from England take a photo at Meta (formerly Facebook) corporate headquarters in Menlo Park, California on November 9, 2022.Josh Edelson | AFP | Getty ImagesMeta said it expects revenue in the first quarter of between $26 billion and $28.5 billion.  Analysts were expecting sales of $27.1 billion, according to Refinitv. Sales in the first quarter of 2021 came in at $27.9 billion. Should Meta reach the high end of its guidance range, the company co …

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