Last Updated: April 27, 2023, 02:19 IST
Meta in March turned the primary Big Tech firm to announce a second spherical of mass layoffs. (File Photo)
The firm expects current-quarter income between $29.5 billion and $32 billion, in contrast with analysts’ estimates of $29.53 billion
Meta Platforms Inc forecast second-quarter income above market expectations on Wednesday because the digital promoting market shifts to tried and examined platforms similar to Facebook and Instagram at a time of accelerating financial uncertainties.
The firm expects current-quarter income between $29.5 billion and $32 billion, in contrast with analysts’ estimates of $29.53 billion, in response to Refinitiv knowledge.
Read all of the Latest Tech News right here
(This story has not been edited by News18 employees and is printed from a syndicated information company feed)
