• 26/02/2024 22:15

Meta will buy back $50 billion of shares and pay quarterly dividends for the first time

Meta Platforms announced plans to buy back $50 billion of shares and pay its first-ever quarterly dividend. These steps should motivate investors, according to Mark Zuckerberg, amid the company's high bets on artificial intelligence and the metaverse. Bloomberg writes about this.

 Meta will buy back $50 billion of shares and pay quarterly dividends for the first time

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Report

Meta also reported strong fourth-quarter results, posting sales tripling and earnings up 25%, and projected better-than-expected earnings growth for the current period.

Shares jumped more than 14% in extended trading . Shares were up 12% this year through Thursday's close, after nearly tripling last year.

Forecasts

Meta hopes for $37 billion in revenue in the new quarter ending in March ( Experts expected $33.6).

In the previous quarter, revenue was $40.1 billion, exceeding analysts' average estimate of $39 billion. Net income rose to $14 billion, or $5.33 per share, also better than expected.

Topic: Meta and Amazon shares soar by $272 billion on the day

minfin.com.ua

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