India, May 1 -- Shares of Meta Platforms, Inc. gained more than 5 percent in the extended trading on the Nasdaq on Wednesday after the tech major reported higher first-quarter earnings above market estimates, with good growth in revenues. The company also issued second-quarter outlook expecting higher revenues than last year amid the ongoing tariff issues.
Mark Zuckerberg, Meta founder and CEO, said, "We've had a strong start to an important year, our community continues to grow and our business is performing very well. We're making good progress on AI glasses and Meta AI, which now has almost 1 billion monthly actives."
Looking ahead, for the second quarter, the company projects total revenue to be in the range of $42.5 billion to $45.5 ...