Meta Platforms Q2 EPS $2.98 Beats $2.91 Estimate, Sales $32.00B Beat $31.12B Estimate
Portfolio Pulse from Bill Haddad
Meta Platforms reported Q2 earnings of $2.98 per share, beating the analyst consensus estimate of $2.91 by 2.41%. This is a 21.14% increase from the same period last year. The company also reported quarterly sales of $32.00 billion, beating the analyst consensus estimate of $31.12 billion by 2.82%. This is an 11.02% increase from the same period last year.
July 26, 2023 | 8:05 pm
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POSITIVE IMPACT
Meta Platforms reported better than expected Q2 earnings and sales, which could positively impact the stock price.
Meta Platforms reported Q2 earnings and sales that beat analyst estimates. This is typically seen as a positive sign and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100