I Was Wrong About Meta Earnings, But the Stock Is Still a Buy
Meta Platforms (META -1.31%) tumbled on its second-quarter earnings report Wednesday. The stock was down more than 10% at one point after hours, as it badly missed bottom-line estimates, with expenses jumping in part due to one-time costs for legal proceedings and severance payments. Earnings per share fell from $7.14 to $6.18, well below the…