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25.04.2024 15:31:15 - dpa-AFX: Meta Shares Sink 14% Following Outlook
WASHINGTON (dpa-AFX) - Shares of Meta Platforms, Inc. (META) were down more
than 14 percent in pre-market on Thursday to $420.88 following second-quarter
revenue outlook.
The social media giant now expects second-quarter revenue to be in the range of
$36.5 billion-39 billion. This compares with the average outlook of 42 analysts
polled by Thomson-Reuters of $38.28 billion.
At the same time, Meta has raised its full-year capital expenditures outlook to
the range of $35 billion-40 billion, from $30 billion - 37 billion to
accelerate its artificial intelligence product developments.
Meta shares had closed at $493.50. It has traded in the range of $229.85 -
$531.49 in the last 1 year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
than 14 percent in pre-market on Thursday to $420.88 following second-quarter
revenue outlook.
The social media giant now expects second-quarter revenue to be in the range of
$36.5 billion-39 billion. This compares with the average outlook of 42 analysts
polled by Thomson-Reuters of $38.28 billion.
At the same time, Meta has raised its full-year capital expenditures outlook to
the range of $35 billion-40 billion, from $30 billion - 37 billion to
accelerate its artificial intelligence product developments.
Meta shares had closed at $493.50. It has traded in the range of $229.85 -
$531.49 in the last 1 year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
META PLATF. A DL-,000006 | A1JWVX | Frankfurt | 420,300 | 03.05.24 21:51:59 | +7,850 | +1,90% | 0,000 | 0,000 | 413,350 | 420,300 |
