Meta Platforms Updated FY24 Total Expenses From $96B-$99B To $96B-$98B
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms has revised its fiscal year 2024 total expenses forecast from $96B-$99B to $96B-$98B.
October 30, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Meta Platforms has slightly reduced its FY24 total expenses forecast, indicating potential cost management improvements.
The reduction in the expense forecast suggests that Meta is managing its costs more effectively, which could positively impact its profitability. This is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100