Meta Platforms Inc. (META · NASDAQ)

Meta Platforms reported $60.80B in revenue for the quarter ended June 30, up 28% year over year, but earnings fell 13.4% and the company missed estimates with EPS of $6.18 versus $7.10 expected — its first miss in four quarters. Capital expenditure of $30.12B nearly matched operating cash flow of $31.86B, leaving free cash flow at just $1.75B, while operating income declined sequentially to $18.77B from $22.87B the prior quarter. The stock trades at $736.72, up 17.6% over three months and 5.3% below its 52-week high, with a P/E of 28.73 and an analyst target of $813.65. Leverage remains modest at 1.0x debt/EBITDA with a 2.23 current ratio, though cash on hand stands at $15.46B against $112.32B in total debt.