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Meta Stock Jumps 11% to Record on Huge Q2 Earnings Beat, Capex Outlook Higher
TMTPOST -- Meta Platforms, Inc. stock jumped more than 11% to settle at $773.44 on Thursday, refreshing its record close set more than five months ago. Shares reversed its two-day decline after Facebook parent posted blowout earnings and vowed to ramp up investment in artificial intelligence (AI).
Meta now reaches nearly 3.5 billion users across Facebook, Instagram and other apps. And Mark Zuckerberg says the company's ...
Meta beat expectations on its Q2 performance, turning in nearly $48 billion in revenue and more than $18 billion in profits.
For the quarter, analysts expect Meta to report earnings per share (EPS) of $5.89 on revenue of $44.83 billion, according to ...
Meta reports 22% YoY Q2 revenue growth, driven by ad innovations & monetization of WhatsApp and Threads. Click here to read ...
"We have a conviction that superintelligence is going to improve every aspect of what we do,” Mark Zuckerberg told investors ...
The Secret to Meta’s AI “Superintelligence” Vision Meta Platforms (NASDAQ:META) delivered a stellar second-quarter earnings ...
Meta reported Q2 grow income, before taxes, of $20.53 billion, up 35.9% from a year ago. But provisions for income taxes for the quarter were just $2.197 billion. That implies an effective tax rate of ...
“AI is significantly improving our ability to show people content that they’re going to find interesting and useful,” ...
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