Microsoft and Meta Platforms drove Wall Street higher after delivering profits for the start of the year that were even bigger than analysts expected.

The trends are impressive. In 2024, Meta's annual revenue surged 22%, and record earnings per share (EPS) of $23.86 marked a 60% increase. Beyond the current stock market turbulence, all indications are that Meta's operational and financial strength is as robust as ever.

Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analysts’ targets on earnings and revenue, sending its stock higher in extended trading.