The quarterly result of Facebook’s parent company Meta, published after the stock markets closed on Wednesday, exceeded analysts’ expectations in terms of both turnover and profit.
Meta posted $39.07 billion in revenue in the second quarter, earning $5.16 in earnings per share. The average of analyst estimates compiled by Bloomberg was for $38.3 billion in revenue and $4.74 in profit, which missed actual results by 2% and 8.8%, respectively.
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