Meta Drops 16% Even After Earnings Beat 📱NCDVF HAS 📈 ODFL EDU 📉

FlowBank's hand-curated fresh financial news [header_noDither] Meta's Q1 Earnings Exceed Expectations But Stock Dives Meta Platforms reported better-than-expected first-quarter earnings, with revenue up 27% and net income more than doubling. Despite this, the company's stock fell 16% due to a lower-than-expected revenue forecast for Q2, reflecting investor concerns over ongoing heavy investments in non-profitable areas like mixed reality and AI. Additionally, the company's headcount has been reduced by 10%, and capital expenditures are expected to rise as Meta boosts its infrastructure to support AI developments. WHAT'S MOVING [Group 1742 (78)-1] [Start Trading](113/cXx8Z04/MX07GQ46nvKW66VY396Rfp_3W842MfZ5djsxmN8cZm422-ZVTW6N1vHY6lZ3mkW6lS33F6HCkP-Vk0Tpn1RwPtRW6gHVRW2q7SqnW8d4jQP99plHMW7Lwzpv2xHN5nW69p2lW3pWj3GW46pLBG5sLznbW9l6KrN1LxlgLW1Z_hfr4w7Y45W3PdTSJ410dcdW7hPM_W7rHR5QW1bQBFd1yFNPRW18z9lG6mW8sTW4GQwqp6vbMqnW7MYZhh8Hd2P-W8Pp-gh6SZMFBW5knt6r5McSQmW4pc8bL7DyYrXN2tjwN-8xMXYN5P_yn5ckS0SW5n9z9Q1_-kP5W1m2tVn5kM9rQf4sfHBT04) [Group 1753 (24)] SK Hynix SK Hynix posted a net profit of 1.92 trillion won ($1.39 billion) in Q1, reversing from a loss, with revenue jumping 144% to 12.43 trillion won due to high demand for AI server products. [Group 3 (73)-1] Klarna Klarna partnered with Uber to be a payment option in the US, Germany, and Sweden, ahead of its anticipated IPO which could value the company at over $20 billion. [Group 1753 (21)] Tesla Tesla's shares surged 12% after announcing plans to start production of affordable EV models by early 2025, despite a 9% drop in Q1 revenue. WHAT'S COMING UP? USD: GDP (QoQ) (Q1): Exp. 2.5% v Prev. 3.4% USD: Initial Jobless Claims: Exp. 214K v Prev. 212K IN OTHER NEWS Wall Street U.S. stock futures declined Wednesday evening following Meta Platforms' quarterly earnings report, with traders anticipating upcoming economic data. Dow Jones futures dropped by 0.2%, S&P 500 futures fell 0.6%, and Nasdaq 100 futures decreased by 1%. [Group 1769] Europe European markets dipped on Wednesday, with the Stoxx 600 index closing down 0.43% after reversing earlier gains. Tech stocks rose by 1.3%, but financial services fell 1.9%. The U.K.'s FTSE 100 ended a five-day winning streak by closing 0.06% lower. MARKET INSIGHTS Dollar Faces A Make Or Break Moment The U.S. dollar is undergoing a consolidation phase following its strongest performance in over a year earlier this month, driven by a rush to safe-haven assets amidst geopolitical tensions in the Middle East. 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