2/1, 10:11 PM (Source: TeleTrader)
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Meta shares surge 15% after better-than-expected results

Shares of Meta Platforms soared over 15% in after-hours trading on Wednesday after the tech giant posted better-than-expected results for the fourth quarter of 2022.

The company topped estimates on the top line as it reported revenue of $32.2 billion and announced it will increase its share buyback authorization by $40 billion.

Meta rallied 15.06% to $176.04 per share at 4:13 pm ET.

Baha Breaking News (BBN) / NP