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Barchart
Barchart
Aditya Sarawgi

Earnings Preview: What To Expect From Meta Platforms’ Report

Meta

Valued at $1.8 trillion by market cap, Menlo Park, California-based Meta Platforms, Inc. (META) operates as the largest social media company in the world, serving close to 3.5 billion monthly active users across the globe through its Facebook, Instagram, Messenger, and WhatsApp platforms.

The social media giant is set to announce its second-quarter results after the markets close on Wednesday, Jul. 30. Ahead of the event, analysts expect Meta to deliver a profit of $5.74 per share, up 11.2% from $5.16 per share reported in the year-ago quarter. Furthermore, the company has surpassed the Street’s earnings estimates in each of the past four quarters.

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