I Was Wrong About Meta Earnings, But the Stock Is Still a Buy
Meta whiffed on earnings, but the buying opportunity just got better.
Overview
Meta Platforms (NASDAQ: META) tumbled on its second-quarter earnings report Wednesday.
The stock was down more than 10% at one point after hours, as it badly missed bottom-line estimates, with expenses jumping in part due to one-time costs for legal proceedings and severance payments.
Details
Earnings per share fell from $7.14 to $6.18, well below the consensus at $7.22.
Source
Originally published at www.fool.com.
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