We see Meta’s Q1 earnings-related stock slide as an opportunity

News Snapshot:

Meta Platforms on Wednesday evening delivered a solid quarter with sales, operating income, earnings, and cash flow all exceeding expectations on the back of a solid increase in engagement. The stock, however, dropped sharply in after-hours trading following some guidance concerns. Revenue in the three months ended March 31 rose 27% year over year to $36.455 billion, topping the $36.156 billion expected by analysts, according to estimates compiled by LSEG. Earnings per share in the first quarter more than doubled year-over-year, coming in at $4.71, exceeding the Street's $4.32 EPS estimate. Unfortunately, a light current quarter sales forecast and an...