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Meta beat earnings estimates with $7.14 EPS and $47.52B in revenue, up 21.6% year-over-year.
Meta Platforms reported strong second-quarter earnings, with $7.14 EPS and $47.52 billion in revenue, up 21.6% year-over-year, surpassing estimates.
The stock, trading around $716.91, has a market cap of $1.8 trillion and a consensus "Moderate Buy" rating with a target of $830.68.
Institutional ownership remains at 79.91%.
The company operates through its Family of Apps and Reality Labs segments.
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Meta superó las estimaciones de ganancias con $7.14 EPS y $47.52B en ingresos, un 21.6% más año tras año.