Meta Platforms Q2 2024 Adj EPS $5.16 Beats $4.73 Estimate, Sales $39.07B Beat $38.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms reported Q2 2024 adjusted EPS of $5.16, beating the $4.73 estimate. Sales were $39.07 billion, surpassing the $38.31 billion estimate and marking a 22.10% increase from the same period last year.
July 31, 2024 | 8:05 pm
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Meta Platforms reported strong Q2 2024 earnings with EPS of $5.16 beating estimates by 9.09% and sales of $39.07 billion surpassing estimates by 1.98%. Sales increased by 22.10% year-over-year.
Meta Platforms' strong earnings and revenue performance, beating analyst estimates and showing significant year-over-year growth, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100