Meta shares fell about 7% in extended trading on Wednesday after the company reported lower-than-expected capital expenditures, or capex, and missed on user growth.
Meta attributed its quarter-over-quarter drop in users in part to "internet disruptions in Iran."
Here's how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $7.31 adjusted vs. $6.79 estimate...
