Facebook Parent Company to Report Earnings at Close of Trading

Meta Platforms (META), which owns Facebook, will be releasing its revenue figures for the first fiscal quarter of 2024 once trading ends for Wednesday.

The stock price for Meta is down 1.24% ahead of the earnings figures. While this may indicate a lack of faith in what Meta will reveal in its report, the company is expected to show one of its best quarter-to-quarter sales increases.

Meta has been growing throughout the year, with an increase of 42% since the start of 2024. That incredible growth makes industry experts anticipate even more growth throughout the rest of the year, and it sets up Meta nicely as a sound investment for traders who want a sure thing.

Last year, Meta’s stock just about tripled in value, and there is little reason to expect that Meta will fall flat this quarter when it has had such a consistent track record of late.

What Might Hold Meta Back

There are two major concerns for investors moving forward. Even if they do not yet know what Meta will reveal in its earnings report, they are worried about inflation. As the inflation rate increases and is showing little sign of diminishing, it places all companies in the unenviable position of having to perform better than ever to reassure their shareholders.

The second problem that Meta faces is in the area of spending. There have been cries for the shareholders over the past few years to pour less money into unprofitable projects. Facebook CEO Mark Zuckerberg has promised to eliminate unnecessary programs and focus more on projects that are reliable and trustworthy for future growth.

We will see if those promises have paid off and if the company is actually turning a sizable profit compared to the last quarter’s results. As Facebook doubles down on AI investments, the company might be future-proofing itself or might be putting its finances into a risky endeavor that may not pan out for it.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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