HomeInvestingOptionsMeta (META) Steps Away From Metaverse, Earnings Beat

Meta (META) Steps Away From Metaverse, Earnings Beat

Meta Platforms (META) is seeing a surge today after its earnings beat. Its adjusted EPS came in at $2.98 versus an estimated $2.87 and revenue came in at $32.00B versus an estimated $30.91B. Alex Coffey and Jenny Horne discuss META after earnings. They talk about how META stepping away from investing in the metaverse could be seen as positive by the Street. They compare META to Nvidia (NVDA), Tesla (TSLA), Carnival Cruise Line (CCL), Royal Caribbean (RCL), and SPX. This is the first time since 4Q 2021 that META has seen double digit revenue growth. They then go over the potential for Threads. Alex also demonstrates an example trade using META. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

27 Jul 2023

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