Meta Platforms Inc. (META) PT Lowered to $200 at JPMorgan

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Go back to Meta Platforms Inc. (META) PT Lowered to $200 at JPMorgan

Meta Disappoints Again but Analyst Says Material Re-rating in Shares is 'Somewhere Around the Corner'

July 28, 2022 6:36 AM EDT

Shares of Meta Platforms (NASDAQ: META) are down more than 5% in premarket trading Thursday after the company reported Q2 earnings and revenue that missed consensus estimates and issued a disappointing forecast.

META reported a Q2 EPS of $2.46, missing the consensus projection of $2.59 per share, according to Refinitiv. Revenue came in at $28.82 billion, below the analyst consensus of $28.94 billion.

The company reported 1.97 billion daily active users (DAUs) in the quarter, just above the expected 1.96 billion. The number of monthly active users (MAUs) stood at 2.93 billion, almost in line with the estimated 2.94... More