内容摘要：Local residents collect acai palm hearts for sale on an island in the Bailique Archipelago, district of Macapa, state of Amapa, northern Brazil, Saturday, Sept. 10, 2022. (AP Photo/Eraldo Peres)

Local residents collect acai palm hearts for sale on an island in the Bailique Archipelago, district of Macapa, state of Amapa, northern Brazil, Saturday, Sept. 10, 2022. (AP Photo/Eraldo Peres)

It was a “a good quarter for Meta, but it was before the economic turmoil really kicked in and before the seesaw of the tariffs began,” said Sonata Insights chief analyst Debra Aho Williamson. “It was also before we started to see pullbacks in ad spending from China-based advertisers like Temu and Shein.”Going forward, she added, Meta should be able to withstand any revenue shortfall from advertisers from China if it can continue to improve its AI-driven advertising tools.

The company earned $16.64 billion, or $6.43 per share, in the January-March period, up 35% from $12.37 billion, or $4.71 per share, in the same period a year earlier.Revenue rose 16% to $42.31 billion from $36.46 billion a year earlier.Analysts, on average, were expecting earnings of $5.23 per share on revenue of $41.34 billion, according to a poll by FactSet.

For the current quarter, Meta forecast revenue in the range of $42.5 billion to $45.5 billion. Analysts are expecting $43.84 billion.The Menlo Park, California-based company also raised its capital expenditures estimate for 2025 to $64 billion-$72 billion, up from its prior outlook of $60 billion-$65 billion. Meta said the new guidance “reflects additional data center investments to support our artificial intelligence efforts as well as an increase in the expected cost of infrastructure hardware.”

“We’ve had a strong start to an important year, our community continues to grow and our business is performing very well,” CEO Mark Zuckerberg said in a statement. “We’re making good progress on AI glasses and Meta AI, which now has almost 1 billion monthly actives.”

He said in a conference call with analysts that the company is in a good position to navigate the ongoing economic “uncertainty.”When Treasury yields rise, it means more of taxpayers’ dollars are going just to repay the national debt rather than to keep the government running.

Higher yields can also filter into the rest of the economy and make it tougher for U.S. households and businesses to get their own loans.track 10-year Treasury yields, for example, and the average rate on a 30-year mortgage just hit its highest level since mid-February.

Higher Treasury yields can also translate into higher rates for everything from credit cards to auto loans. That means a sharp enough rise can put the brakes on the U.S. economy by discouraging businesses and households from borrowing and spending, raising the risk of a recession.High yields can also discourage investors from paying high prices for stocks and other investments.