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Knockout Meta profit wasn’t even the best surprise of the quarter

In an aerial view, people gather in front of a sign posted at Meta headquarters in Menlo Park, California, July 7, 2023.

Justin Sullivan | Getty Images

Meta Platforms delivered a home-run earnings report after the closing bell Thursday — beating on sales and earnings while declaring its first-ever dividend and boosting its buyback. The bullish combination sent shares soaring in extended trading and fortified our belief in one of our largest positions.

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