Meta Platforms Earnings Imminent, Options Market Indicates 9.5% Move By Week's End
Portfolio Pulse from Lisa Levin
Meta Platforms, Inc. (NASDAQ:META) is expected to release its quarterly results on July 26, 2023. The options market indicates a potential move of around 9.5% by the end of the week. Wall Street expects Meta to post quarterly earnings at $2.91 per share on revenue of $31.12 billion. Meta shares gained 1% to close at $294.47 on Tuesday, and added 1.7% in today's pre-market trading session.
July 26, 2023 | 12:27 pm
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Meta Platforms is expected to release its quarterly results soon. The options market indicates a potential move of around 9.5% by the end of the week. Wall Street expects Meta to post earnings at $2.91 per share on revenue of $31.12 billion.
The options market is predicting a significant move in Meta's stock price, indicating high volatility. This, combined with the upcoming earnings release, could lead to significant price movements. Wall Street's expectations for earnings and revenue are also key factors that could influence the stock's price.
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