What's Going On With Meta Platforms Stock?
Portfolio Pulse from Henry Khederian
Meta Platforms Inc's shares are trading lower by 0.99% following the company's recent earnings report. The company reported Q2 revenue of $32 billion, surpassing the Street consensus estimate of $31.12 billion, and earnings per share of $2.98, beating the estimate of $2.91. User engagement also increased, with family daily active people reaching 3.07 billion and family monthly active people reaching 3.88 billion.
July 31, 2023 | 4:04 pm
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Despite reporting better-than-expected Q2 earnings and revenue, Meta Platforms' shares are trading lower. The company also reported increased user engagement.
Meta Platforms reported strong Q2 earnings and revenue, beating estimates, and showed increased user engagement. However, the company's shares are trading lower, which could be due to market factors or investor sentiment not reflected in the earnings report.
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