Meta's earnings fell short of Wall Street's expectations. Its stock fell 6%.

In its second-quarter earnings report, Meta Platforms reported earnings per share of $6.18, compared with the $7.22 expected by analysts surveyed by LSEG, according to CNBC. Revenue rose 28% compared with the same period last year, reaching $60.8 billion. Wall Street had forecast $60.17 billion.

Facebook's owner reported advertising revenue of $59.36 billion.

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