Meta Earnings 2024

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Meta Platforms Announces Q1 2024 Earnings Release Date and Forecasts

Q1 Financials and Revenue Outlook

Meta Platforms (META) has announced its financial results for the first quarter of 2024. The company projects a 35% year-over-year increase in earnings to reach $2.07 per share for the full year ending in December. Revenue is expected to reach $158.48 billion, representing a significant surge.

Q1 2024 Revenue Expectations

Meta anticipates its first-quarter 2024 total revenue to fall between $34.5 billion and $37 billion. The company's guidance assumes that foreign currency will not impact year-over-year revenue growth.

Earnings Release Date

Mark Zuckerberg, Meta's CEO, confirmed that the company will release its first-quarter 2024 financial results on Wednesday after the market close. Analysts and investors eagerly await the results, which will provide insights into the company's performance and growth prospects.

Analysts' Expectations

Analysts expect Meta Platforms to deliver year-over-year earnings growth on higher revenues. The company's strong performance in advertising and other key segments is expected to drive its financial results. Investors will be keen to assess Meta's investment in artificial intelligence, the metaverse, and other emerging technologies.

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