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Facebook Shares Gain Steam on Earnings Beat

Facebook just released quarterly earnings.
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Facebook (FB) - Get Meta Platforms Inc. Class A Report shares are on the rise after reporting better than expected second quarter earnings.

Profit of $1.32 a share topped estimates of $1.12.

Revenue of $9.32 billion eclipsed forecasts of $9.2 billion.

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Daily active users stood at 1.32 billion for the quarter. Monthly active users crossed 2 billion.