Meta Says 'We anticipate our full-year 2023 total expenses will be in the range of $88-91 billion, increased from our prior range of $86-90 billion due to legal-related expenses recorded in the second quarter of 2023.'
Portfolio Pulse from Bill Haddad
Meta Platforms Inc. has revised its full-year 2023 total expenses forecast to $88-91 billion, up from the previous estimate of $86-90 billion. The increase is attributed to legal-related expenses recorded in the second quarter of 2023.
July 26, 2023 | 8:07 pm
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Meta's increased expense forecast for 2023 due to legal-related costs could potentially impact its profitability and thus, its stock price.
The increase in Meta's expense forecast is due to legal-related costs, which could potentially reduce the company's profitability. This could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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