As we were reporting yesterday during the after hours trading, Meta signed off its quarterly report with revenues which fell short of estimates and guidance was a bit softer than expected. Results in general were above the expectations with an increasing user base. All of that helped Meta Platform to close the day with a stratospheric +17.59%.
The other colleagues from the tech department who were waiting on the stage to report their earnings were Amazon (+4.65%) and Apple (+4.52%) both after the closing bell.
During afterhours Amazon tumbled about 10% after reporting a disastrous first quarter loss, not seen since 2015, guidance as well fell short of estimates.
Apple on the other side started well during the after hours +2% but in a short amount of time went down too by 2%. Market reaction is strange since the results were above wall street expectations and revenues were still stronger.