Anticipate Our FY24 Capital Expenditures Will Be In The Range Of $37B-40B, Updated From Our Prior Range Of $35B-40B
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms, Inc. (META) has updated its FY24 capital expenditures forecast to be in the range of $37 billion to $40 billion, up from the previous range of $35 billion to $40 billion.
July 31, 2024 | 8:09 pm
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Meta Platforms, Inc. (META) has revised its FY24 capital expenditures forecast to $37 billion to $40 billion, an increase from the previous range of $35 billion to $40 billion.
The increase in capital expenditures indicates that Meta is investing more in its infrastructure and growth initiatives, which could be seen positively by investors as a sign of confidence in future growth. This could lead to a short-term positive impact on the stock price.
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