Meta Platforms Inc reported in the first quarter of 2023 net earnings per share of $2.20 a decrease by -19.12 % year on year from $2.72 and an improvement of 24.68 % from $1.76 realized in IV. Quarter (Dec 31 2022).
first quarter of 2023
Earnings Per Share
Revenues
$ 2.2
$
28,645 Mill
$-0.52-19.12 %
$+737M+2.64 %
Meta Platforms Inc 's Revenue
rose by
2.64 % in first quarter of 2023 (Mar 31 2023) year on year,
to $28,645 million and
declined by
-10.94 % sequentially.
Meta Platforms Inc is Expected to report next financial results on July 26, 2023.
Meta Platforms Inc 's
net income of $5,709.000 million in the first quarter of 2023 decreased by -23.52 % from net earnings of $7,465.000 million achieved in I. Quarter a year ago.
Sequentially
net earnings grew by 22.7 % from net income of $4,653.000 million realized in previous quarter.
Meta Platforms Inc Inventories
In Mar 31 2023 company's net cash and cash equivalents decreased by $-3,176 million, capital expenditures fell by 25.75%, to $-6,842 millions compare to same quarter a year ago and fell by
