Meta Platforms, Inc. (NASDAQ:META ) Q2 2023 Earnings Call Transcript July 26, 2023 5:00 PM ET Company Participants Kenneth Dorell - Director of IR Mark Zuckerberg - CEO Susan Li - CFO Conference Call
Meta's improved financial picture is allowing the company to invest in the money-losing metaverse, while rival Snap is under increased pressure.
While Musk moved quickly upon purchasing Twitter last year to slash staffing levels at the social network now known as X, he's failed to generate revenue momentum, to the point where he's now reported
Meta Platforms (META) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $2.46 per share a year ago.
The picture emerging from the Q2 earnings season is one of continued resilience and strength, with an above-average proportion of companies beating estimates and providing reassuring guidance.
The picture emerging from the Q2 earnings season is one of continued resilience and strength, with an above-average proportion of companies beating estimates and providing reassuring guidance.
Yahoo Finance anchor Seana Smith breaks down the after hours stocks making moves for July 26, 2023 which include Meta, Chipotle, Mattel, and eBay.
Shares of Meta Platforms Inc (NASDAQ: META) jumped 6.0% in extended hours after the tech behemoth reported better-than-expected results for its fiscal second quarter. Meta shares up on upbeat guidance
Is the demand for AI hardware dwindling?
Mark Mahaney, Evercore ISI Head of Internet Research, joins 'Closing Bell Overtime' to talk Meta's quarterly earnings.

Breaking Down Meta's Earnings Beat

05:17pm, Wednesday, 26'th Jul 2023
Meta Platforms revenue in the current quarter will be $32 billion to $34.5 billion. Analysts had predicted $31.2 billion.
Meta Platforms, parent company of Facebook, Instagram and WhatsApp, beat Wall Street's targets for the second quarter.
Meta's "year of efficiency" seems to be paying off. The Facebook-parent company on Wednesday reported revenue of $32 billion for its quarter ending in June, marking an 11% increase compared to the sam
Revenue grew to $32bn, marking company's most profitable quarter since 2021, as news sends stocks surging by 7%
Barbara Doran, BD8 Capital CEO, joins 'Closing Bell Overtime' to talk Meta earnings after the social media giant reports a jump in quarterly revenue and optimistic guidance for the third quarter.
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