Meta Platforms (NASDAQ: META) is a stock that's picking up steam again. Fresh off a strong earnings report that beat expectations, the company is back in the good graces of investors, at least for the time being. After the latest round of layoffs and cost-cutting, has the company become a better investment, and is the stock heading for even greater gains?

Meta Platforms has been struggling in recent quarters to generate any growth whatsoever. A softening economy has resulted in weak demand for ads, which has made it difficult for Meta and other social media companies to keep their top lines from falling. But when Meta reported its latest earnings numbers on April 26, the business delivered a surprise: Sales of $28.6 billion for the first three months of the year were up 3% from the prior-year period and came in better than analyst expectations.

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Source Fool.com