Meta Q2 Earnings Miss, Free Cash Flow Plunges 91%
Meta's Q2 earnings per share of $6.18 missed the consensus estimate of $7.14, causing the stock to fall about 8% in after-hours trading. Free cash flow dropped 91% year-over-year to $784 million, the lowest since Q3 2022, driven by capital expenditures on AI infrastructure.
Detected & updated continuously · Source: Nebula
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@BSCNews
Meta and Microsoft Q2 earnings: markets punish one, reward the other The after-hours verdict was split. $META fell about 8% after EPS of $6.18 missed the $7.14 consensus, while (@Microsoft) $MSFT rose roughly 3% on a clean beat, $4.81 against $4.24 expected on $90B revenue. https://t.co/oZBQYOtkfQ
@charliebilello
Meta reported free cash flow of $784 million in Q2, down 91% from a year ago and the lowest level since Q3 2022. This was driven by massive capital expenditures on AI infrastructure. The stock is down over 10% in after hours trading and down 34% from its all-time high. $META https://t.co/RdoN11Qjqy