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Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.
First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown.
EPS $10.44 vs. $6.43...
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Trump Posts Map Depicting Hormuz As 'New' US Territory, Just After Latest Tanker Attack By Iranians
Trump Posts Map Depicting Hormuz As 'New' US Territory, Just After Latest Tanker Attack By Iranians
Yet another attack has occurred in the Strait of Hormuz, this time on a foreign tanker on an outbound transit route, which Iran and Oman claim to directly oversee and administer according to the terms of the Oman deal for managing the strait which is still being finalized.
UK Maritime Trade Operations says Tuesday that the unknown projectile caused engine-room damage and a crew casualty, with the remaining crew being rescued and assisted by the...
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