Meta Platforms Inc. (META) PT Lowered to $200 at JPMorgan
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Meta Disappoints Again but Analyst Says Material Re-rating in Shares is 'Somewhere Around the Corner'
July 28, 2022 6:36 AM EDTShares 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
