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- Meta will report earnings for the second quarter after the closing bell on Wednesday.Wall Street expects $44.3 billion in revenue for the quarter.Heading toward the 5 p.m. ET call, analysts will be looking for info on capex plans and AI opportunities.
Meta Platforms will report its second-quarter results after the closing bell on Wednesday.
Wall Street is feeling mostly bullish heading into the results. Analysts are eyeing strong AI opportunities and growth in ad spend, but there's some growing caution around high levels of capex and Meta's recent hiring spree aimed at furthering its AI ambitions.
Analysts expect the Facebook parent to report $44.83 billion in revenue and earnings per share of $5.89.
Meta stock is up about 20% year-to-date through Tuesday's close, putting it among the top performers in the Magnificent Seven cohort.
The earnings results will be released shortly after the 4 p.m. ET closing bell. The call with analysts is expected to start at 5 p.m. ET.
