Reported about 14 hours ago
Meta is scheduled to report its quarterly earnings on Wednesday, with analysts anticipating record revenues bolstered by a strong advertising performance. The company has increased its capital expenditures to enhance its AI capabilities, leading to investor scrutiny on whether these investments will yield positive results. Wall Street remains optimistic, with a majority of analysts recommending buying the stock, while Meta's shares have significantly risen this year. However, signs of potential cost-cutting measures raise questions about future profitability.
Source: YAHOO