Meta Platforms Updates FY24 Capital Expenditures From $37B-$40B To $38B-$40B
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms has updated its fiscal year 2024 capital expenditures guidance from a range of $37 billion-$40 billion to $38 billion-$40 billion.
October 30, 2024 | 8:13 pm
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Meta Platforms has increased the lower end of its FY24 capital expenditures guidance from $37 billion to $38 billion, maintaining the upper limit at $40 billion.
The update in capital expenditures suggests Meta is planning to invest more in its operations, which could be seen as a positive sign of growth and expansion. However, since the upper limit remains unchanged, the impact on stock price might be neutral in the short term.
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