Meta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading. Meta shares are up over 11% since Oct. 30, when it reported third-quarter earnings and said it would raise the low end of its 2024 capital expenditures guidance from $37 billion to $38 billion.

Meta Platforms shares rose 1% after the company reported results that beat expectations, including a 21% increase in sales. The owner of Facebook and Instagram reported earnings per share of $8.02, compared with the $6.

Meta Platforms Inc.’s failed to live up to Wall Street’s revenue expectations with its forecast for the first quarter, as it expects sizable pressure related to the strong U.S. dollar. The company expects $39.