Meta beats Q2 expectations, stock jumps on better-than-anticipated Q3 outlook

Meta beats Q2 expectations, stock jumps on better-than-anticipated Q3 outlook

Meta’s (META) stock jumped 12% in premarket trading on Thursday after its second quarter earnings outperformed expectations and the company offered a better-than-expected outlook for Q3. The Facebook parent said Wednesday it anticipates between $47.5 billion and $50.5 billion in third quarter revenue, well ahead of the $46.2 billion Wall Street was calling for. For…

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Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New Partnerships

Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New Partnerships

Warner Bros. Discovery, Inc (NASDAQ: WBD) reported a fiscal third-quarter revenue decline of 3% ex-FX year-on-year to $9.623 billion, missing the analyst consensus estimate of $9.799 billion. EPS of 5 cents beat the analyst consensus estimate loss of 9 cents. Net income was $135 million versus a loss of 417 million year-over-year. The stock gained after the print….

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