Strong Performance of Meta Shares
- Growth Stocks:
- Shares of $META rose 7%after posting better-than-expected results and a positive outlook.
- Second Quarter Financial Results:
- Meta $META posted earnings of $5.16 per share, beating analysts' expectations.
- Third Quarter Outlook:
- Meta $META expects third-quarter revenue in the range of $38.5 billion to $41 billion.
- Digital Advertising Revenue Growth:
- The company saw a 22% increase in digital advertising revenue, primarily driven by Facebook and Instagram platforms.
The company is doing very well again and it looks good and I'm sorry I'm not bought in.
Sociability is doing very well. Apart from burning money in Labs development it is doing well just about everywhere. But shareholders have gotten used to that, and it will be a while before this division becomes profitable. For me an appropriate move if I take the closing price.