Meta Platforms Inc. shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday afternoon when it reports quarterly results.
Revenue: Analysts surveyed by FactSet expect that Facebook’s quarterly revenue fell once again in the latest period, to $27.7 billion from $27.9 billion. Those contributing to Estimize are slightly more optimistic, predicting flat performance with an average estimate of $27.9 billion. “One key headwind that remains is the persistent Ad Winter, and so far we see no signs of recovery on that front,” he wrote in a note to clients. “But we think Meta’s scale and data advantage should make it a somewhat resilient platform in a weak ad spend environment.”
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
LVMH is first European company to hit a $500 billion market cap.Luxury brand conglomerate has benefited from resurgent spending in China
Lire la suite »
LVMH hits $500B in market value as shares hit record highLVMH shares hit a record high on Monday, pushing the luxury brands giant above $500 billion in market value and making it the first European company to reach the mark.
Lire la suite »