(Reuters) – Meta Platforms announced its first-ever dividend of $0.5 per share and beat expectations for fourth-quarter revenue on Thursday, sending its shares up 8% in extended trading. It also authorized an additional $50 billion in share buybacks. Revenue rose to $40.11 billion for the quarter ended December. Analysts were expecting revenue of $39.18 billion, according to LSEG data.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Arun Koyyur)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.