Shares of Meta Platforms rose by 18% in May, primarily following a better-than-expected earnings report and a temporary trade agreement between the U.S. and China. Meta's Q1 earnings showcased a 16% revenue increase, boosted by more users and ad revenues, contributing to a 37% rise in earnings per share (EPS). Investor sentiment turned positive post-earnings, shifting from previous declines due to trade war fears. Furthermore, a notable 8% jump on May 12 was fueled by news of tariff reductions, highlighting the company’s responsiveness to macroeconomic factors and market trends.
Meta Platforms experienced an 18% stock gain in May due to strong earnings and improved trade conditions between the U.S. and China, signaling market confidence.
April had been tough for Meta shares due to trade war concerns, but a positive earnings report shifted investor sentiment, leading to a June-like recovery.
Meta reported a Q1 revenue rise of 16% to $42.3 billion, resulting in a remarkable earnings per share (EPS) jump of 37% to $6.43, surpassing expectations.
The stock's further uplift was evident when Meta gained 8% following the U.S.-China agreement to lower tariffs, showcasing its sensitivity to macroeconomic developments.
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