Facebook's 2017 Profitability Will Be Even Better Than Expected
Facebook (NASDAQ: FB) just reported strong second-quarter earnings yesterday. Among other things, investors were particularly encouraged by the company's outlook for expenses this year, sending shares to all-time highs in after-hours trading. Costs are now expected to come in lower than previously forecast, which will inevitably translate into more profits hitting the bottom line.
We're talking about both operating expenses and capital expenses.
Data centers like Facebook's Lulea, Sweden, facility comprise the bulk of capital expenditures. Image source: Facebook.
Source: Fool.com
Meta Platforms Inc. Stock
€439.80
-2.100%
Currently there is a rather positive sentiment for Meta Platforms Inc. with 26 Buy predictions and 5 Sell predictions.
With a target price of 542 € there is a positive potential of 23.24% for Meta Platforms Inc. compared to the current price of 439.8 €.
