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flag Meta beat earnings estimates with $7.14 EPS and $47.52B revenue, up 21.6% YoY, despite insider sales.

flag 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. flag 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. flag 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. flag 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. flag Analysts project full-year EPS of $26.70, and the company pays a $2.10 annual dividend.

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