Friday, 24 March, 2023

Meta's Sales decline 1% to $28.82B, EPS drops 32%, CFO moves to chief strategy officer

<p>Meta reported $28.82B in revenues and $2.46 per share in earnings for the quarter. The revenue figure represents the first quarterly revenue loss for the company since it went public, down around 1% from a year earlier. The EPS result is down 32% from $3.61 in the prior year. The company&#39;s current chief financial officer, David Wehner, will transition into a new position as its chief strategy officer, where he will be in charge of strategy and business development.</p>