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Facebook parent Meta posts solid 1Q results, stock soars
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FILE - Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif., Oct. 28, 2021. Meta reports earnings on Wednesday, April 26, 2023. - photo by AP Photo/Tony Avelar, File
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. Meta also reported that the monthly user base of its flagship platform — Facebook — inched close to 3 billion. Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period.