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Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long
Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long After two stellar Mag 7 earnings (TSLA and GOOGL) in the past week to kick of Q3 megacap tech reports, investors were hoping that the streak would continue when MSFT and META reported after the close (preview here). And while MSFT appears to have succeeded in also beating estimates (its stock is rising modestly after the close), it was buyside darling META that was the foc
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