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Facebook parent Meta Platforms said it expects second-quarter revenue of $29.5 billion to $32 billion, higher than Wall Street forecasts.
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Stocks rose sharply Thursday, getting a lift from
Meta
Platforms, which posted earnings and user growth that beat analysts’ estimates.
These stocks made the most moves Thursday:
Meta Platforms
(ticker: META) reported first-quarter earnings and revenue that were better than expected, and the parent company of Facebook predicted revenue in the second quarter of $29.5 billion to $32 billion, higher than forecasts. The stock rose 14%.
