markets · · invezz.com
Here's why Meta earnings today may trigger a brutal reality check for Wall Street
Meta Platforms reports third-quarter earnings on Wednesday with Wall Street facing a test of whether the artificial intelligence boom is producing enough cash to justify its enormous investment bill. Analysts expect $63.42 billion in revenue, up nearly 24% annually, but also forecast $41.68 billion in capital expenditure and an $8.52 billion free cash outflow.
Meta Platforms reports third-quarter earnings on Wednesday with Wall Street facing a test of whether the artificial intelligence boom is producing enough cash to justify its enormous investment bill. Analysts expect $63.42 billion in revenue, up nearly 24% annually, but also forecast $41.68 billion in capital expenditure and an $8.52 billion free cash outflow.
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