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Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated. Here are the results: Earnings per share: $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts
$3.67 vs $3.84 expected, according to a Refinitiv survey of analysts Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv Facebook also missed estimates with user numbers. Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected by analysts, according to StreetAccount
1.93 billion vs 1.95 billion expected by analysts, according to StreetAccount Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected by analysts, according to StreetAccount
2.91 billion vs 2.95 billion expected by analysts, according to StreetAccount Average Revenue per User (ARPU): $11.57 vs $11.38 expected by analysts, according to Street Account The company, which was recently renamed Meta, issued disappointing guidance for the first quarter in addition to coming up short on its fourth-quarter profit and user numbers. Daily Active Users (DAUs) on Facebook were slightly down in the fourth quarter compared to the previous quarter, marking its first quarterly decline in DAUs on record. Facebook said revenue in the first quarter will be $27 billion to $29 billion, while analysts were expecting sales of $30.15 billion, according to Refinitiv. That would mean 3% to 11% year-over-year growth.