Meta Platforms Shares Drop After Mixed Second-Quarter Results
Meta Platforms (META) shares declined in extended trading following the release of mixed second-quarter financial results. The company reported GAAP earnings per share of $6.18, which fell short of Wall Street's expectations by $1.04. Revenue for the quarter came in at $60.8 billion. The underperformance has drawn attention to exchange-traded funds (ETFs) with significant exposure to Meta’s stock as investors assess potential impacts on their portfolios. The results highlight concerns about Meta's growth trajectory and its ability to meet financial forecasts, which could influence investor sentiment toward tech stocks more broadly.
Tickers: $META
Topics: earnings ETFs stock price movement