๐ Meta $META tanks ~9% premarket โ EPS miss + 55% expense surge hits Q2 profits hard
Meta posted Q2 EPS of $6.18 vs. the $7.17 analyst estimate โ a brutal $1 miss โ as total expenses exploded 55% YoY to $42B, including $2.4B in legal contingencies and $1.2B in severance charges. Revenue of $60.8B barely cleared estimates but Q3 guidance midpoint of $62.5B fell short of the $63.24B consensus. One-time charges or a sign of deeper margin compression at Meta โ dip buy or stay away? Not financial advice.
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