Meta Platforms Inc. (META · NASDAQ)

Meta Platforms reported $6.18 in Q2 EPS versus $7.10 expected, a 12.96% miss that broke a streak of three consecutive beats, even as revenue grew 28.0% year over year to $60.80B. Capital expenditure of $30.12B nearly matched operating cash flow of $31.86B in the quarter, compressing free cash flow to $1.75B. The stock sits at $705.44, down 5.1% over five days and 9.3% below its 52-week high, though it remains up 18.6% over three months and 11.7% above its 200-day moving average. Leverage stays modest at 1.0x debt/EBITDA with a 2.23 current ratio, and the shares trade at 26.73x earnings against an analyst target of $814.51.