Target exceeds market profit projections in the quarter – 04/26/2023 – Market
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Meta, which controls Facebook, Instagram and WhatsApp, registered US$ 5.7 billion (R$ 28.83 billion) in net profit in the first quarter, 24% less than in the same period last year, but above expectations of the market, after major cuts in employees.
In a statement released this Wednesday (26), the Californian group reported slightly higher revenues in this first quarter of the year compared to the same period in 2022, of US$ 28.65 billion (R$ 144.9 billion), after three consecutive quarters of decline.
The company’s shares rose 8% in electronic trading after the close of the New York Stock Exchange.
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