Meta Platforms shares drop on mixed Q2 results and analyst concerns. Revenue beat, but legal charge and severance costs create drag.

Meta Platforms, Inc (NASDAQ: META) will report Q2 earnings on July 29. Analysts predict $7.23 EPS and $59.50B revenue. Stock fell 0.1% to $593.41 on Tuesday. Analysts maintain Buy…

Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its…