Meta shares are trading lower following Q3 earnings. The company also raised the low end of its 2024 capital expenditure outlook.
Portfolio Pulse from Benzinga Newsdesk
Meta's shares are declining after the release of its Q3 earnings report. Additionally, the company has increased the lower end of its 2024 capital expenditure forecast.
October 31, 2024 | 6:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Meta's shares are experiencing a decline following the release of its Q3 earnings. The company has also adjusted its 2024 capital expenditure outlook by raising the lower end, which may indicate increased investment plans.
The decline in Meta's share price is directly linked to the market's reaction to its Q3 earnings report. The adjustment in capital expenditure outlook suggests potential increased spending, which can be perceived negatively by investors concerned about profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100