Yazılar

Meta Shares Surge 6% on Strong Q2 Earnings and Positive Revenue Forecast

/in , /tarafından

Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that exceeded Wall Street’s expectations and provided an optimistic revenue forecast.

Key Figures:

• Revenue: $39.07 billion (up 22% from $32 billion a year earlier; analysts expected $38.31 billion)
• Net Income: $13.47 billion, or $5.16 per share (up 73% from $7.79 billion, or $2.98 per share; analysts expected $4.73 per share)

Meta expects third-quarter revenue between $38.5 billion and $41 billion, surpassing the average analyst estimate of $39.1 billion.

CEO Mark Zuckerberg and CFO Susan Li highlighted the benefits of Meta’s investments in artificial intelligence (AI), noting improvements in content recommendations and advertising effectiveness. Analysts at Baird and Bank of America emphasized Meta’s strong AI-related performance and growth potential in ad conversions, digital assistants, and multimodal content creation.

Meta’s capital expenditures for the year are projected to be between $37 billion and $40 billion, up from the previous low-end estimate of $35 billion. Analysts at Barclays praised Meta’s execution pace in digital advertising and anticipated new AI-driven products.

DoorDash Shares Surge 13% on Strong Q2 Revenue Performance

/in /tarafından

Shares of DoorDash surged 13% in extended trading on Thursday after the company reported second-quarter results that exceeded analysts’ expectations for revenue.

Key Figures:

• Loss per share: 38 cents (compared to the expected loss of 9 cents)
• Revenue: $2.63 billion (compared to $2.54 billion expected)

DoorDash’s revenue increased 23% from $2.13 billion a year earlier. The company narrowed its net loss to $157 million, or 38 cents per share, from $170 million, or 44 cents per share, in the same period last year. The delivery service reported 635 million total orders in the quarter, up 19% year-over-year. The Marketplace GOV (Gross Order Value) was $19.71 billion, marking a 20% increase from the previous year.

For the third quarter, DoorDash expects Marketplace GOV between $19.4 billion and $19.8 billion, with analysts’ expectations at $19.51 billion.

DoorDash expressed satisfaction with its Q2 2024 financial performance, highlighting strong growth and improved unit economics driven by years of investment and product focus.

DoorDash will hold its quarterly call with investors at 5:00 p.m. ET.