Meta Platforms Inc. (META · NASDAQ)

Meta Platforms (META, $709.33) fell 3.7% after its June quarter missed estimates, reporting EPS of $6.18 versus $7.10 expected (-12.96%), its first miss in four quarters. Revenue grew 28% YoY to $228.25B TTM and margins remain strong (81.7% gross, 34.8% operating), but earnings declined 13.4% YoY and free cash flow compressed to $1.75B as capex ($30.12B) nearly matched operating cash flow ($31.86B) in the quarter. Leverage stays modest at 1.0x debt/EBITDA with a 2.23 current ratio, and the stock trades at a 26.73 P/E with a PEG of 0.985, though it sits 8.8% below its 52-week high with RSI at 48 and negative MACD histogram. Separately, U.S. banks including Charles Schwab and JPMorgan are blocking Meta's Muse AI bot from accessing client accounts, citing security and liability concerns.