Meta Has Positive Free Cashflow and Slightly Higher AI Capex
by Brian Wang from NextBigFuture.com on (#77AXY)
MEta beat on earnings with $60.8 billion for the second quarter but net income declined by 14% compared to the same quarter of the previous year to $15.8 billion. Its diluted earnings per share (EPS) fell 13% year-over-year to $6.18. The company said it expects its 2026 capital expenditures to range between $130 billion and ...