Meta shares fall more than 9% in early trading after Q2 EPS miss and weak guidance

Meta stock dropped more than 9% in early trading on July 30, the day after the Q2 report, as investors focused on the EPS shortfall, free cash flow of $784 million and third-quarter revenue guidance below expectations. Coverage tied the selloff to doubts about how quickly AI spending will pay back. Exact closing prices differ across sources, so use the percentage as an early-trading figure.

• Shares down more than 9% in early trading on Thursday, July 30
• Diluted EPS of $6.18 missed analyst expectations of about $7.2
• Free cash flow $784M vs $8.55B a year earlier
• Q3 revenue guidance of $61-64B said to miss market expectations