Meta posts $60.8 billion quarterly revenue, but EPS miss sends shares down nearly 9% after hours
Meta Platforms reported $60.8 billion in quarterly revenue, up 28% year over year, while earnings per share came in at $6.18 versus analysts’ $7.17 consensus. Net margin was 26%, but profit under GAAP fell, leaving investors focused on the earnings shortfall. The stock dropped by nearly 9% in after-hours trading following the release.
