MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Meta Platforms, Inc. (META) on Wednesday reported second-quarter earnings of $15.85 billion.
The Menlo Park, California-based company said it had profit of $6.18 per share.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $7.10 per share.
The social media company posted revenue of $60.8 billion in the period, topping Street forecasts. Eleven analysts surveyed by Zacks expected $60.21 billion.
For the current quarter ending in September, Meta Platforms said it expects revenue in the range of $61 billion to $64 billion.
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