SPX4,274.04-31.16 -0.72%
DIA340.20-1.54 -0.45%
IXIC12,938.12-164.43 -1.25%

Recap: Meta Platforms Q2 Earnings

Meta Platforms (NASDAQ:META) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM. Here's what investors need to know about the announcement.

Benzinga · 07/27/2022 17:41

Meta Platforms (NASDAQ:META) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Meta Platforms missed estimated earnings by 5.75%, reporting an EPS of $2.46 versus an estimate of $2.61.

Revenue was down $255.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.16 which was followed by a 17.59% increase in the share price the next day.

Here's a look at Meta Platforms's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 2.56 3.84 3.19 3.02
EPS Actual 2.72 3.67 3.22 3.61
Revenue Estimate 28.21B 33.38B 29.58B 27.82B
Revenue Actual 27.91B 33.67B 29.01B 29.08B

To track all earnings releases for Meta Platforms VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.