Meta Platforms delivers upbeat guidance as Q2 results beat estimates; shares jump
Investing.com -- Meta Platforms on Wednesday delivered better-than-expected guidance for the current quarter after reporting second-quarter results that beat analyst estimates on the top and bottom lines.Looking ahead to Q3, the company guided for total revenue to be in the range of $38.5B to $41B, or $39.75B at the midpoint, beating estimates of $39.09B.
The sanguine outlook on revenue comes as the company lifted the lower range of its annual capital spending outlook to a range of $37B to $40B from $35B to $40B previously, but the total expense guidance for the full-year remained unchanged in a range of $96B to $99B. The company said, however, that it"expect infrastructure costs will be a significant driver of expense growth next year as we recognize depreciation and operating costs associated with our expanded infrastructure footprint."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and moreThese are the stocks posting the largest moves in premarket trading.
Read more »
Meta is changing its policy for the most-moderated word on its platformsKarissa is a senior reporter at Engadget, covering Meta, Twitter, TikTok, Snap and all things social media. Her interests include tech policy, internet culture, and all the ways our online activities shape our IRL selves.
Read more »
Fed decision, BOJ, Microsoft, Meta Platforms - what's moving marketsFed decision, BOJ, Microsoft, Meta Platforms - what's moving markets
Read more »
Zuckerberg aims to rival OpenAI, Google with new Llama AI modelMeta Platforms uses its Llama models to power its AI chatbot, called Meta AI, which operates inside its apps, including Instagram, and also as a separate web product.
Read more »
New York City straphangers swelter on subway platforms during heat waveThere is only a small handful of subway stations that do have cooling systems in place to give some relief from the heat.
Read more »
Bitcoin miner Riot Platforms ramps up pursuit of BitfarmsRiot has been giving Bitfarms the business after its merger proposal in April was rebuffed.
Read more »