Meta’s strong ad sales dampen tariff-induced fears

News Snapshot:

Meta Platforms META-Q rode strong advertising performance to beat analysts’ revenue estimates for the first quarter and match expectations for the next quarter on Wednesday, assuaging concerns from investors over tariff-related economic growth fears. Shares of the company were up nearly 6% in extended trading. The Facebook and Instagram parent company reported revenue of $42.31 billion for the first quarter, compared with analysts’ average estimate of $41.40 billion, according to data compiled by LSEG. Meta expects second-quarter revenue to be between $42.5 billion and $45.5 billion, compared with estimates of $44.01 billion. The company reported profits of $6.43 per share,...