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Meta beat earnings estimates with $7.14 EPS and $47.52B revenue, up 21.6% YoY, despite insider sales.
Meta Platforms reported strong second-quarter earnings, with $7.14 EPS and $47.52 billion in revenue, surpassing estimates by a wide margin and marking a 21.6% year-over-year revenue increase.
The company’s stock rose to $705.30, maintaining a $1.77 trillion market cap and a consensus “Moderate Buy” rating with a $830.68 average price target.
Despite positive analyst sentiment and multiple upgrades, insiders sold $164.9 million in shares over the quarter, including executives like CEO Mark Zuckerberg and CTO Andrew Bosworth.
Meta’s core business, driven by its Family of Apps including Facebook and Instagram, continues to perform well, while Reality Labs focuses on virtual reality.
Analysts project full-year EPS of $26.70, and the company pays a $2.10 annual dividend.
Meta superó las estimaciones de ganancias con $ 7.14 EPS y $ 47.52B en ingresos, un 21,6% más año a año, a pesar de las ventas internas.