Meta Platforms to Report Q1 2024 Earnings on Wednesday
Company expects earnings to rise 35% year-over-year to $2.07 per share
Full-year revenue of $158.48 billion is also projected
Meta Platforms META will report its first-quarter earnings on Wednesday after the market closes. The market expects Meta Platforms to deliver a year-over-year increase in earnings on higher revenues when it reports results for the first quarter of 2024.
For the full year ending in December, earnings are projected to rise 35% year-over-year to $2.07 per share, while full-year revenue of $158.48 billion is also projected.
We expect first-quarter 2024 total revenue to be in the range of $34.5-37 billion. Our guidance assumes foreign currency is neutral to year-over-year.
Meta Platforms has been under pressure in recent months as the company faces increased competition from TikTok and other social media platforms. The company has also been criticized for its handling of user data and privacy concerns.
Despite these challenges, Meta Platforms remains a dominant player in the social media space. The company has a large and engaged user base, and it continues to generate significant revenue from advertising.
The company's first-quarter earnings report will provide investors with an update on the company's financial performance and its plans for the future.
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