Facebook parent Meta delivers strong quarter, sending shares soaring

Meta Platforms beat Wall Street estimates for second-quarter revenue on Wednesday and issued a rosy sales forecast for the September quarter, signaling confidence that robust digital ads spending can cover the cost of its AI investments.Shares of the company rose 8% after the bell.The Facebook and Instagram parent, headed by Mark Zuckerberg, expects third-quarter revenue of $38.5 billion to $41 billion, largely above analysts’ average estimate of $39.14 billion, according to LSEG data.Mark Zuckerberg’s Meta ...