CORRECTION: Meta Platforms Sees Q4 Revenue $45B-$48B Vs $46.31B Est.
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms has adjusted its Q4 revenue guidance to a range of $45 billion to $48 billion, compared to the previous estimate of $46.31 billion.
October 30, 2024 | 10:15 pm
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Meta Platforms has revised its Q4 revenue guidance to $45 billion to $48 billion, which is slightly below the previous estimate of $46.31 billion. This adjustment may influence investor sentiment and stock price in the short term.
The revision of revenue guidance to a range that includes a lower bound below the previous estimate may lead to negative investor sentiment, potentially impacting the stock price negatively in the short term.
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IMPORTANCE 80
RELEVANCE 100