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Benzinga
Benzinga
Business
Erica Kollmann

Meta Stock Feels the Heat as Wall Street Says 'Skepticism is Rampant'

Los,Angeles,,California,-,July,3,2025:,Meta,Logo,On

Meta Platforms Inc. (NASDAQ:META) shares slid nearly 9% on Thursday as investors digested the firm’s mixed second-quarter results.

Revenue of $60.8 billion beat estimates, but a $2.4 billion legal charge and $1.18 billion in severance costs dragged earnings per share to $6.18, well below Street expectations near $7.19.

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