Meta reports 11% jump in revenue and issues optimistic guidance for third quarter

https://www.cnbc.com/2023/07/26/meta-to-report-second-quarter-earnings-after-the-bell.html

Meta reported earnings after the bell. Here are the results.

Earnings: $2.98 per share. That may not compare with the $2.91 per share expected by Refinitiv.

Revenue: $32.0 billion. That may not compare with the $31.12 billion expected by Refinitiv.

The company said revenue in the third quarter will be $32 billion to $34.5. Analysts polled before the report were expecting third-quarter sales of $31.3 billion, according to Refinitiv

Wall Street is also watching several other numbers on the report:

Daily Active Users (DAUs): 2.04 billion expected, according to StreetAccount.

Monthly Active Users (MAUs): 3 billion expected, according to StreetAccount.

Average Revenue per User (ARPU): $10.22 expected, according to StreetAccount.