TradingKey – As of July 9, Eastern Time, Meta ( META )’s latest stock price was $631.48, up 4.7% intraday, touching an intraday high of $633.27. Meta’s stock price reclaimed the $600 mark, but technicals still suggest the possibility of a continued pullback.
From a fundamental perspective, the company’s first-quarter revenue reached $56.311 billion, up 33% year-over-year; net income was $26.773 billion, up 61% year-over-year; and diluted EPS was $10.44, compared with $6.43 in the same period last year. Advertising remains Meta’s core cash cow, with first-quarter ad revenue reaching $55.024 billion, up 33% year-over-year. Ad impressions grew 19% year-over-year, and the average price per ad increased 12% year-over-year, indicating that…
