Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. Meta reported that the monthly user base of its flagship platform — Facebook — inched close to 3 billion, and its revenue guidance for the current quarter was also above analyst estimates. "Our AI work is driving good results across our apps and business," CEO Mark Zuckerberg said in a statement. "We're also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision." Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period. That's down 19% from $7.47 billion, or $2.72 per share, a year earlier. Results in the latest quarter were weighed down by restructuring charges. Revenue climbed 3% to $28.65 billion from $27.91 billion.