Meta Platforms (META) delivered weaker-than-expected results for Q2 ended June 30, 2022. Revenue and earnings missed consensus estimates. It also issued a gloomy outlook for Q3 2022, citing a weak advertising environment. Meta Platforms’ stock closed 6.6% higher at $169.58. However, it fell 4.7% in extended trading hours following disappointing Q2 2022 results. Revenue and Earnings Miss Estimates Revenue in the quarter was down 1% to $28.82 billion from the year-ago quarter. According to the Wall Street Journal (WSJ), it is the first time that the company's quarterly revenue has dropped compared to the year-ago quarter. The figure missed consensus estimates of $28.94 billion.
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Meta Platforms (NASDAQ:META)
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