Meta Platforms Inc Class A (META)
Mark Zuckerberg Explains “Personal Superintelligence” As Meta Blows Past Q2 Forecasts, Hits 3.48 Billion Daily Users
Meta posted nice numbers for the June quarter with revenue surging 22% to $47.5 billion and net income up 36% to $18.3 billion. Earnings per share of $7.14 was also beat Wall Street's expectations, as did daily active users rose to 3.48 billion.
Meta Q2 Revenue Smashes Wall Street's Estimates In 10th-Straight Earnings Beat
Meta will host a call with investors at 5 p.m. EDT, with an option to listen in on its investor relations website.
Qualcomm beats on earnings, highlights growth in Meta smartglasses
Qualcomm reported fiscal third-quarter earnings that beat Wall Street expectations. Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings on $10.7 billion in revenue at the midpoint in the fourth quarter.
Meta's Reality Labs posts $4.53 billion loss in second quarter
Meta reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.
Meta Posts 22% Revenue Growth as Ad Business Continues to Fuel AI Ambitions
The second-quarter results showed the Facebook parent's core ad business remains strong at a time when the company is investing billions of dollars into artificial intellilgence.
Meta Earnings: Will Its AI & Metaverse Investments Payoff?
Meta Platforms is scheduled to report earnings after Wednesday's close. The stock recently hit a record high near $747.90/share and is currently trading near $702.
Meta Q2 earnings updates: Wall Street is bullish, eyeing AI opportunities with stock up 20% this year
Meta will report earnings for the second quarter after the closing bell on Wednesday. Wall Street expects $44.3 billion in revenue for the quarter.
Zuckerberg wants to give everyone their own personal superintelligence through Meta's new vision
Meta CEO Mark Zuckerberg revealed plans for a personal AI superintelligence that will help individuals achieve goals and pursue creative endeavors over productivity tools.
Italy opens probe into Meta over AI tool in WhatsApp
Italy said Wednesday it opened a probe into social media giant Meta for potentially breaking EU competition laws by installing its AI tool into WhatsApp.
Meta faces Italian probe over AI tool on WhatsApp
Italy's antitrust authority said on Wednesday it had opened a probe into Meta for allegedly abusing its dominant position when installing its AI tool on Whatsapp messaging app.
Earnings Outlook Steadily Improves: Mag 7 Earnings Loom
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Earnings Outlook Steadily Improves: Mag 7 Earnings Loom
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
