By Vicky McKeever
Publication Date: 2026-01-29 09:35:00
Three of the “Magnificent 7” tech giants reported after the bell on Wednesday, including Facebook-parent Meta (META).
Shares in Meta (META) popped 7.6% in pre-market trading on Thursday, after the company’s fourth quarter earnings beat analyst expectations on the top and bottom lines.
The company posted earnings per share (EPS) of $8.88 on revenue of $59.9bn (£43.4bn) for the fourth quarter, which was ahead of the $8.16 and $58.4bn expected by analysts based on Bloomberg analyst consensus estimates.
Looking ahead, Meta (META) said that it expected to generate total revenue of $53.5bn to $56.5bn in the first quarter.
Read more: London rises as traders digest earnings and Fed hold
The company also shared its capital expenditures guidance for 2026, saying it expected to spend between $115bn and $135bn, up from the $72.22bn it spent in 2025.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said that Meta (META) “delivered another strong quarter” but…
