Reported about 24 hours ago
Meta Platforms (META) exceeded Wall Street expectations in its second quarter earnings, with adjusted earnings of $7.14 per share against an estimate of $5.89, and revenue of $47.52 billion versus the anticipated $44.83 billion. The company also provided a positive outlook for Q3 revenue, forecasting between $47.5 billion and $50.5 billion. Following these results, Meta's stock jumped almost 9% in after-hours trading, reflecting investor confidence in the company's significant investments in AI and technology talent.
Source: YAHOO