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Meta Platforms announced earnings per share of $2.46 on revenue of $28.82B. Analysts polled by Investing.com anticipated EPS of $2.56 on revenue of $28.94B.
Meta Platforms shares are down 60.04% from the beginning of the year, still down 55.88% from its 52 week high of $384.33 set on September 1, 2021. They are under-performing the Nasdaq 100 which is down 22.79% from the start of the year.
Meta Platforms shares lost 1.70% in after-hours trade following the report.
Meta Platforms’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.28 on revenue of $70.04B.
Alphabet A had missed expectations on Tuesday with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.28 on revenue of $70.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
