Meta to report second-quarter results after market close

Meta is set to report secondquarter earnings after the market close on Wednesday, with Wall Street expecting revenue of about $60.17 billion and adjusted earnings per share of $7.22. Investors are watching closely for signs that the company's core advertising business is still benefiting from artificial intelligence, while also looking for updates on how Meta plans to monetize its AI products and services. The company recently launched new AI models and subscription features as it competes with OpenAI, Anthropic and Google. Another focus will be spending. Meta has been investing heavily in data centers, chips and other AI infrastructure, including new projects in Texas, Louisiana and Canada. Analysts expect secondquarter capital expenditures of about $33.9 billion, as questions remain about whether the spending will translate into stronger longterm returns.