From NASDAQ.:

Shares of Meta Platforms (NASDAQ: META) surged 25.6% in February after strong financial results for Q4 2023. The company reported net income of over $39 billion with a net profit margin of 29%, and revenue increased by 16% year-over-year.

Mark Zuckerberg dubbed 2023 as the “year of efficiency,” emphasizing profitability improvements. Meta Platforms grew ad impressions, announced $80 billion in stock repurchases, and initiated a $2 per share annual dividend.

Despite a $16 billion operating loss in the Reality Labs segment, Meta continues to invest in growth while rewarding shareholders. For Q1 2024, Meta projects at least 20% revenue growth, balancing expenses and dividends to maintain shareholder interest.

Considerations before investing in Meta Platforms include the company’s commitment to growth, the expectation of increased expenses in 2024, and the overall market performance. The Motley Fool’s Stock Advisor team identified 10 stocks for strong returns, but Meta Platforms was not included.



Read more at NASDAQ.: Why Meta Platforms Stock Rose by Nearly 26% in February