5 Red Flags for Meta Platforms' Future
Meta Platforms' (NASDAQ: FB) stock price plunged 23% to its lowest levels since July 2020 after it released its fourth-quarter earnings report on Feb. 2.
Meta's revenue rose 20% year over year to $33.67 billion, which beat expectations by $230 million. However, its operating margin contracted from 46% to 37%, its net income fell 8% to $10.29 billion, and its earnings per share dropped 5% to $3.67 and missed analysts' expectations by $0.16.
Those headline numbers were mixed, but a deeper dive into Meta's earnings report and conference call reveals five waving red flags for its future.
Source Fool.com
