Meta Platforms beat Wall Street estimates for second-quarter revenue on Wednesday and issued a rosy sales forecast for the September quarter, signaling...
- Meta Platforms beat Wall Street estimates for second-quarter revenue on Wednesday and issued a rosy sales forecast for the September quarter, signaling confidence that robust digital ads spending can cover the cost of its AI investments.
Shares of the company rose 8% after the bell. The Facebook and Instagram parent expects third-quarter revenue of $38.5 billion to $41 billion, largely above analysts' average estimate of $39.14 billion, according to LSEG data. Revenue rose 22% to $39.07 billion in the second quarter, beating estimate of $38.31 billion.
Meta said it expects full-year capital expenditures in the range of $37 billion to $40 billion, raising the lower end from $35 billion earlier. It maintained the total expenses outlook at $96 billion to $99 billion.Facebook and Instagram parent company Meta reported better than anticipated earnings after the bell on Wednesday, but warned of growing cap-ex in 2025.With a recount underway, the closely trailing Republican challenger for Utah's 2nd District U.S.
Olympic approval of two boxers who failed gender and testosterone eligibility tests is “‘incredibly dangerous”, according to one leading woman fighter.LOVELAND, Colo. — A person was killed in one of several wildfires threatening heavily populated areas of the Colorado foothills, authorities said Wednesday, as almost 100 large blazes burned across the western U.S.
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