meta stock

Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures, or capex, and missed on user growth. Here's how the company did, compared with estimates from analysts polled by LSEG: Capital expenditures came in at $19.84 billion, below the $27.57 billion average estimate, according to StreetAccount. However, Meta said capex for the year will be between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion. "This reflects our expectations for higher component pricing this year and, to a lesser extent, additio