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00:02MetaShares fell in extended trading after the company issued weaker-than-expected revenue guidance
00:07and reported a sharp decline in its cash reserves, according to CNBC.
00:11Earnings came in at $6.18 per share, below expectations of $7.22,
00:17while revenue of $60.80 billion topped the $60.17 billion estimate.
00:23Meta expects quarterly revenue of $61 billion to $64 billion,
00:27with the midpoint of $62.5 billion, falling below Analyst's $63.15 billion estimate.
00:35Daily active users reached $3.6 billion, slightly below Wall Street's estimate of $3.61 billion.
00:42Meta narrowed its annual capital expenditure guidance to $130 billion to $145 billion
00:48from its previous range of $125 billion to $145 billion.
00:54Investors are watching Meta's AI monetization strategy
00:57as the company expands its investments after hiring Alexander Wang in June 2025
01:02through a deal that included a $14.3 billion investment in scale AI.
01:07For all things money, visit Benzinga.com.
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