Jim Cramer Breaks Down Meta's Earnings Beat and Strong Forecast

Meta Platforms, Inc. (NASDAQ:MSFT) is one of the  stocks Jim Cramer shared his views on. Cramer discussed the company’s latest earnings during the episode. He remarked:

“Tonight, we found out the smoke’s coming from Meta and Microsoft. Coming into earnings, the Street was worried that Mark Zuckerberg might be paying too much for talent, but when we looked at the numbers, we had to laugh. Like a great baseball team owner, Zuckerberg can overpay all he wants. Meta’s winning the championships for these numbers, which were sharply better than even the most bullish of Meta’s amen chorus.

Plus, they gave us an amazingly strong forecast, much higher than expected revenue, with their capital expenditure budget coming in at the low end. Of course, what does that have to do with the Fed, right?… But these two core Magnificent Seven companies do not relate much to anything that Jay Powell’s talking about. As I called them, they are nation-states of their own.”

Meta (NASDAQ:META) develops technologies and applications that enable digital communication and interaction across social networks, messaging platforms, and immersive experiences through virtual and augmented reality.

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Disclosure: None. This article is originally published at Insider Monkey.