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Meta's stock drops on earnings miss, light revenue guidance
CNBC Television· 2026-07-29 21:30
Mixed results [music] here. An EPS miss. Meta's earnings per share of $6.18% coming in well below expectations of $722 per share.Um you see shares are now down 7%. Now Meta revenues did beat estimates at 60.8% billion versus estimates of 60.17% billion. Now we are always focused on capex for Meta.Meta raising the bottom end of its capex range to for this year fiscal year capex between 130 and 145 billion. This is a slightly narrower range than what they had previously forecast to of 125 to 145 billion. So n ...