META beats on top line & bottom line estimates,but down 11% in the AH!

- The stock of Meta (formerly Facebook) declined after their Q1 2024 earnings report - Meta's revenue fell short of expectations - Meta's stock ticker is META - Meta shares dropped 11% due to weak revenue guidance, despite better-than-expected first-quarter results - Earnings per share were at $4.71 versus an expected $4.32 - Revenue was $36.46 billion versus an expected $36.16 billion - Meta expects second-quarter revenue between $36.5 billion to $39 billion - Family daily active people reached 3.24 billion in March, a 7% increase from the previous year - Capital expenditures for 2024 will be $35 billion to $40 billion - Meta's Reality Lab unit reported sales of $440 million and $3.85 billion in losses - Executives will discuss the results further on a call with analysts at 5 p.m. ET

Summarized top reddit comments: - META beats on top line & bottom line estimates - Stock price down 11% in the after-hours - Market reactions are unpredictable - Uncertainty in current market trends - Speculations on stock performance the next day - Concerns about market conditions - Discussion on market makers and their roles - Personal experiences with stock purchases and regrets