Meta stock

Meta revenue slipped to $28.8 billion in the second quarter, missing the $28.9 billion average analyst estimate. The company's forecast for the current quarter ...

The company’s forecast for the current period also fell short. Shares dropped more than 4% in late trading. Meta Platforms Inc., the social media giant that includes Facebook and Instagram, reported its first-ever quarterly sales decline, citing advertisers’ shrinking budgets.

With tech stocks on the rise today, thanks to post-earnings pops from the likes of Microsoft (MSFT) and Alphabet (GOOGL), Facebook parent Meta Platforms Inc ...

On the charts, the security's more than 50% year-to-date drop is staggering compared to many of its sector peers. Plus, the 12-month consensus price target of $276.41 is a 65.8% premium to current levels. Of the 29 in coverage, 21 call the equity a "buy" or better. META was last seen up 4.8% at $166.76, just ahead of the Big Tech firm's own earnings report, which is due out after the close this evening. A closer look shows a rocky couple of years for META, as far as earnings go, with just three of its past eight next-day moves finishing positive. With tech stocks on the rise today, thanks to post-earnings pops from the likes of Microsoft (MSFT) and Alphabet (GOOGL), Facebook parent Meta Platforms Inc (NASDAQ:META) is getting a halo lift.

Facebook parent Meta saw its stock plunge in after-hours trading on Wednesday following second-quarter earnings results that came in below expectations, ...

Though most analysts remain bullish about the company’s long-term growth, some remain cautious about the company’s “ ability to sustain profits” amid a challenging environment in the short-term. The company noted it faced “weak advertising demand environment” throughout the second quarter, citing the “broader macroeconomic uncertainty” as a driving factor. Meta has lost roughly half of its market value this year, with the stock down 50%, amid the wider market selloff that has hit the tech sector especially hard.

Meta Platforms posted weaker-than-expected second quarter earnings, as well as its first revenue decline since going public in 2012, while taking another ...

She's continue to serve on the Meta board, she said, after departing her role in the fall, and hinted at a move in global philanthropy following her tenure at Facebook. Looking into the currently quarter, Meta said it sees revenues in the region of $26.0 billion to $28.5 billion, again falling shy of the Street consensus of around $30.3 billion. Ad impressions rose 15%, Meta said. "It was good to see positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI," said CEO Mark Zuckerberg. "We're putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta and the people and businesses that use our services." Reality Labs, the division that will house the company's metaverse plans, generated revenues of $452 million, but lost another $2.8 billion for the quarter after first quarter loss of $2.9 billion. Group revenues, Meta said, fell 3% to $28.82 billion, nearly all of it coming from the new 'Family of Apps' division the company created last year, missing analysts' estimates of a $28.95 billion tally.

Facebook owner Meta Platforms (META) reported second-quarter results late Wednesday that missed estimates and also reported its first quarterly revenue ...

In a memo leaked to the press, Chief Product Officer Chris Cox said Meta needs to execute flawlessly amid slower growth. The company reported adjusted earnings of $2.46 a share on revenue of $28.8 billion. The company is coping with pressure on its core ads business. In late June, various media outlets reported that Meta had warned employees to brace for a tough second half. Facebook owner Meta Platforms ( META) reported second-quarter results late Wednesday that missed estimates and also reported its first quarterly revenue decline. Its revenue outlook also missed expectations.

Meta reported its first-ever year-over-year decline in revenue on Wednesday, and profit declined for a third consecutive quarter, the first time that has...

How Meta fares in the near future rests in large part on its audience, which establishes advertising rates and frequency. “Facebook’s awful quarter and weak outlook further underline the view that advertisers have been cutting back on spending as the overall economy battles with inflation, higher interest rates and shifting consumer patterns,” Investing.com senior analyst Jesse Cohen said. Both results missed the average forecast for profit of $2.54 a share and sales of $28.9 billion, according to analysts polled by FactSet. Meta META, +6.55%reported its first-ever year-over-year decline in revenue on Wednesday, and profit declined for a third consecutive quarter, the first time that has happened since Facebook’s first year as a public company, in 2012. But I’d say that the situation seems worse than it did a quarter ago.” Susan Li, Meta’s vice president of finance, will take over the CFO role. Last week, shares of Snap Inc. SNAP,and Twitter Inc. TWTR,nosedived after they reported weak results. Meta executives issued a third-quarter revenue forecast of $26 billion to $28.5 billion, while analysts were forecasting $30.36 billion. “Any company that wants to have a lasting impact must practice disciplined prioritization and work with a high level of intensity to reach goals,” a Meta spokesperson said in a statement to MarketWatch. “The reports about these efforts are consistent with this focus and what we’ve already shared publicly about our operating style.” “And it’s always hard to predict how deep or how long these cycles will be. Facebook reported revenue of $29.01 billion in the third quarter last year. Tellingly, Zuckerberg added that artificial intelligence-driven recommendations from accounts that aren’t followed comprised just 15% in Facebook and a “little more” in Instagram. That percentage, he said, will more than double by the end of 2023.

Check out the companies making headlines after the bell: Meta Platforms — Shares of the social media company dipped 3% in extended trading after missing ...

Best Buy — Shares of the consumer electronics retailer slipped 2% after it trimmed its guidance for the fiscal year. Analysts expected earnings of 31 cents a share on $556 million in revenue, according to Refinitiv. Ford posted adjusted earnings of 68 cents a share on $37.91 billion in revenue.

Facebook parent Meta Platforms (META 6.55%) has been a growth stock juggernaut. It's gone from a start-up founded by a teenager in a Harvard dorm room to a ...

If Meta can't overcome at least some of the challenges above and return to stable revenue growth in the next year, it might be time to click the "unfriend" button and drop it from your portfolio. Even after the second-quarter report, its price-to-earnings ratio is just 14, which puts Meta on par with no-growth legacy tech firms like IBM and is significantly cheaper than the S&P 500's P/E ratio at 20.3, meaning Meta stock now trades like a value stock rather than a growth stock. Worse, management said it expected Reality Labs revenue to decline sequentially in the third quarter, a sign its Quest VR headsets aren't gaining traction as hoped. In some ways, Meta has gone from being the disruptor to being disrupted, and in keeping up with TikTok, it now faces the same innovator's dilemma that other legacy media companies have struggled with in the past. Revenue in its Reality Labs segment grew 48% to $452 million in the quarter, but it posted an operating loss of $2.8 billion in the metaverse division. In fact, investors have been skeptical of the social media giant for a while, as it's traded at a modest price-to-earnings (P/E) ratio for years. Yesterday, the Federal Trade Commission announced a lawsuit to block Meta's acquisition of Within, a virtual reality fitness app. That's a sign the company has little growth left from its user base, which has reached roughly 3.65 billion by its broadest measure, about half the world's population. On a constant currency basis, revenue would have increased 3% as the stronger dollar added to the headwinds. Adjusting for currency exchange, revenue growth is expected to be flat in Q3. Facebook parent Meta Platforms ( META 0.16%) has been a growth stock juggernaut. For the first time ever, the company reported a quarterly decline in revenue in its Wednesday earnings report.